London, 20 December 2023
Funds advised by Lodge Quai Advisors LLP (“LQ”) have agreed to acquire three corporate real estate assets in Germany in a primary sale & leaseback (“SLB”) transaction from a leading European distributor of lighting fixtures. The portfolio comprises a lettable area of 31,000 sqm and the assets are located in North Rhine-Westphalia, Germany.
The properties are predominantly distribution warehouses that are strategic to the tenant’s operations. The triple-net lease will run for an initial term of 20 years.
Thomas Reckers, net lease portfolio manager at LQ commented:
“This is an attractive transaction for which the LQ team was able to source competitive debt financing from a local lender. This transaction demonstrates LQ’s continued ability to allocate capital to SLB transactions with major corporations, notwithstanding the current volatility in the market.
In the last 12 months, LQ has deployed over €300 million across real estate strategies and continues to seek SLB opportunities across Europe that provide corporations with capital to grow their business and optimise their long-term capital structure while maintaining occupancy of strategic real assets.”
LQ was formed by Cabot Lodge and Daniel Quai in 2013 as an independent principal real estate investment and advisory firm. LQ currently manages €600.0 million of capital on behalf of institutional clients, asset managers, single and multi-family offices. LQ is focused on two main strategies in the UK/Europe:
Net lease: provision of net lease finance on strategically important commercial real estate let on a long-term basis to credit-worthy tenants.
Real estate debt: provision of senior, mezzanine and preferred equity capital to small-to-medium sized developers and real estate operating companies.
LQ has substantial funds for immediate investment. For more information on corporate sale leasebacks and build-to-suits, contact:
Thomas Reckers: +44 203 423 6304 or firstname.lastname@example.org