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Net Lease

We advise our own Net Lease funds whose single strategy is focused on investments in operationally mission-critical corporate real estate across selected industry sectors and commercial property types.  

In a sense, the Funds provide an "intermediation platform" between corporate customers seeking to release capital tied up in real estate assets and investors seeking transparent growing income from a diversified set of high-quality corporate credits.

As corporate boards focus more closely on optimizing the efficiency of capital, sale leaseback financing provides an alternative source of long-term credit to traditional secured, unsecured and equity-focused financing.  

 

This monetization of on-balance sheet real estate provides corporations with continued operational control, enhanced financial metrics and potential tax benefits.

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Investment Criteria

GEOGRAPHY

European Union & U.K.

TRANSACTION SIZE

€10 million - €250 million

ASSET TYPE

Commercial real estate: primarily industrial, logistics and office assets

LEASE TYPE

Double or triple-net

inflation linked

LEASE LENGTH

10

20 years preferred.

10 years minimum

TENANT

Credit worthy

(does not need to be rated)

Transactions

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DURA AUTOMOTIVE SYSTEMS

Einbeck (Germany), Daun (Germany) & Koprivnice (Czech Republic)

Sale & Leaseback of three strategic European production facilities (total of 70,875 sqm of lettable area)

Tenants are leading suppliers of industrial vehicle and passenger car parts.

 
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SHILOH INDUSTRIES / ALUDYNE 

Oss, the Netherlands

Sale & Leaseback of its main European production facility (20,535 sqm of net lettable area)

Tenant is a leading global supplier of lightweighting, noise and vibration solutions to the automotive industry.

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IMA HQ

Bologna, Italy

Off-market Sale & Leaseback of world-leading machine production company (26,982 sqm of lettable area)

 

Parent company is a world leader in the design and manufacture of packaging machines for a number of industries and was established in 1961.

 

AVECO

Frankfurt, Germany
 
Sale & Leaseback of Wisag HQ (18,800 sqm office building)

Tenant is No 3 largest facility management service provider in Germany. This asset was bought for €36.5m in April 2015 and sold for €47m in June 2017.

 
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UPONOR

Hassfurt, Germany

Build-to-suit warehouse (16,500 sqm), completed in September 2014

Tenant is No 3 globally in plumbing solutions.

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K-FLEX 1 + 2

Lodz, Poland

Build-to-suit manufacturing and distribution center, acquired in
March 2014 (34,200 sqm).


Tenant is No 3 globally in insulation
and tubing.

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DPD

Gliwice, Poland

Build-to-suit distribution center (8,000 sqm), developed in March 2014.

Tenant is global group and also No 2 in Polish logistics sector.