LeadCrest Capital Partners has acquired a €45m portfolio of two logistics and two light industrial facilities in Poland.

The European fund dedicated to sale-leaseback and build-to-suit investments said the 51,900sqm portfolio, developed by Panattoni, are let to tenants on a triple net basis.

Two assets are in the south of the country, another in the northwest with a further asset in central Poland.

Georges Asmar, portfolio manager at LeadCrest Capital Partners, said the deal is LeadCrest’s first transaction in Poland and the company intends to continue to build on its investments in the region.

“Panattoni has proven to be a strong partner and our transaction a great case study for LeadCrest to assess the potential of investing in multi-purpose warehouses in Poland.”

LeadCrest was launched in April 2019 by former Colony Capital director Asmar. The invests in office, industrial, retail and special-purpose properties with leases of more than ten years.

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