REICO Real Estate Investment Trust has acquired a logistics hub
REICO LONG LEASE Real Estate Investment Trust has acquired a facility in Slovakia. The €65 million deal includes new, high-quality logistics facilities in Seneca. It is worth noting that this is the fifth property added to the fund’s portfolio.
The real estate has a total lettable area of 69,600 sqm. The project has been designed with ESG and energy efficiency in mind. This is evidenced by the following characteristics:
– the facility has passed green certification;
– the roof is prepared for the installation of solar panels;
– the necessary infrastructure for charging electric vehicles is located on the territory;
– the facility is equipped with energy-efficient systems, including heat pumps to reduce emissions.
DSV, one of the world’s leading operators, is the sole tenant of the logistics park. The company uses the facility as a regional hub for transport services. The advantage of the property is its location. The facility is located in one of the most important submarkets in Slovakia with convenient access to major European centres. This allows the service provider to offer a high level of service for regional and international distribution.
Features of the Real Estate Investment Trust transaction
The acquisition of a logistics property includes a leaseback clause. The agreement involves long-term commitments on the part of the seller relating to the location of the real estate. For the REICO Trust, real estate is a stable source of high income.
This acquisition is part of the fund’s development strategy. The asset is ideal for REICO’s investment portfolio. It offers high institutional volume and guaranteed income. In addition, the trust will obtain a facility with a long-term financial tenant agreement. According to Jiří Horák of REICO, the acquisition of prime real estate will increase the value of the fund’s investments.
REICO LONG LEASE investment trust was launched in 2024. Since then, it has successfully completed a number of transactions as part of its growth strategy. The distribution network of the fund includes bankers of Česká Spořitelna and shareholders. It is worth noting that the acquisition of a logistics centre is the trust’s first in Slovakia. The fund plans to expand its geographical diversification in this way. Mr. Horák believes that the transaction will increase the efficiency of operations and increase profitability for shareholders.
The trust is planning several other transactions that will help diversify the portfolio.
iO Partners, which represented the seller, organised the deal. It handled the entire sale process. Legal advice was provided by Kinstellar. The transaction was the largest in the leaseback sector for Slovakia since 2018. The acquisition is a good sign for the market and indicates growing investor interest in local real estate. Experts believe that the fund’s example could be followed by other investment companies, both local and foreign.