W. P. Carey finalises €97m sale-leaseback of six logistics assets

W. P. Carey has completed a €97 million sale-leaseback transaction involving a portfolio of six logistics facilities in Spain, along with additional land for truck and trailer parking and industrial outdoor storage (IOS).

Logistics

The deal was executed in two phases: €68 mln for four assets in December 2025 and €29 mln for two assets in May 2026. The entire portfolio is net leased to a prominent European logistics provider.

This real estate portfolio is essential to the tenant's operations, representing approximately half of the company's IOS area and serving as fleet hubs for around 2,500 vehicles. Furthermore, the tenant plans to reinvest a substantial portion of the sale-leaseback proceeds into further developing the portfolio, including establishing new IOS areas.

The properties are subject to a 20-year, triple-net master lease that includes annual rent escalations tied to the Consumer Price Index (CPI). This transaction expands W. P. Carey's growing portfolio in Spain, where the company has invested over €1.3 bn since its initial investment in the country in 2009.

Christopher Mertlitz, head of European Investments at W. P. Carey, said: “We are delighted to expand our presence in Spain as it continues to be one of the strongest industrial markets in Europe and among the continent’s fastest-growing economies. In addition, the prime locations and criticality of these assets made them an attractive addition to our European portfolio.”