Funds advised by Lodge Quai have acquired three warehouses near Aachen, Germany.
They have been bought in a primary sale and leaseback transaction from SLV, a leading European distributor of lighting fixtures.
They have a lettable area of 31,000 square metres and will be primarily used as distribution warehouses leased to SLV on a long-term contract.
Thomas Reckers, net lease portfolio manager at Lodge Quai (LQ) says, “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 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.”
Lodge Quai was formed by Cabot Lodge and Daniel Quai in 2013 as an independent principal real estate investment and advisory firm. LQ currently manages €600 million of capital on behalf of institutional clients, asset managers, single and multi-family offices.
