London, 28 June 2023
Funds advised by Lodge Quai Advisors LLP (“LQ”) have closed the acquisition of five corporate real estate assets in Germany in a primary sale & leaseback (“SLB”) transaction for €80.0 million. The portfolio comprises a lettable area of 85,000 sqm that the tenant will lease for an initial fixed term of 20 years on a triple net basis. All five properties are strategic profit centres for the tenant’s operation, with the portfolio including the tenant’s headquarters facility.
Thomas Reckers, net lease portfolio manager at LQ commented:
“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 6 months, LQ has deployed over €200.0 million and continues to seek SLB opportunities across Europe that provide corporations with capital to invest in and grow their business, while maintaining long-term occupancy of strategic real assets.”
The LQ Group was formed by Cabot Lodge and Daniel Quai in 2013 as an independent principal real estate investment and advisory firm. LQ currently manages €550.0 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 tr@lodgequai.com
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