Funds advised by UK-based real estate investment manager Lodge Quai (LQ) have acquired five corporate real estate assets in Germany.
The primary sale & leaseback operation is worth €80 mln.
The portfolio comprises a lettable area of 85,000 m2 to be leased by the tenant or an initial 20-year fixed term on a triple net basis.
All five properties are strategic profit centers 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 mln 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 deal comes just days after LQ boosted its management team with the arrival of Oscar Bergman as VP for marketing and investor relations.
Joining from Praxis Capital, he brings extensive real estate focused capital formation and IR experience, having served as head of capital markets at Resolution Property and held operations and client focused roles at JP Morgan and BlackRock, respectively.
LQ currently manages €550 mln of capital on behalf of institutional clients, asset managers, single and multi-family offices.
