Lodge Quai Advisors (LQ), the firm set up in 2013 by former WP Carey executive , and Daniel Quai, in 2013, has acquired three corporate real estate assets in Germany in a sale-leaseback with a European distributor of lighting fixtures.
The portfolio comprises a lettable area of 31,000 m2 in North Rhine-Westphalia that is predominantly distribution warehouses strategic to the tenant鈥檚 operations. The triple-net lease will run for an initial term of 20 years.
Thomas Reckers, net lease portfolio manager at LQ, said: 'This is an attractive transaction for which the LQ team was able to source competitive debt financing from a local lender.'
He added how the firm was able to transact continually with major corporations despite market volatility. The firm has been on a strong run for the last year.
'In the last 12 months, LQ has deployed over 鈧�300 mln across real estate strategies and continues to seek sale leaseback (SLB) opportunities across Europe that provide corporations with capital to grow their business and optimise their long-term capital structure while maintaining occupancy of strategic real assets,' he said.
