Czech Fund Acquires LPP Logistics Hub

The Reico Long Lease Fund, affiliated with Česká spořitelna, has acquired a logistics center in Bydgoszcz previously owned by LPP. The facility offers over 100,000 sqm of space and is leased by an international fashion retail chain.

Ownership has changed for one of the largest logistics facilities in the Kuyavian-Pomeranian Voivodeship. The property, formerly part of the LPP Distribution Center, has been sold to the Reico Long Lease Fund, managed by Reico IS EAM, part of the Česká spořitelna banking group (Erste Group).

The warehouse, located in Bydgoszcz, was completed in the first quarter of 2022. The total leasable area exceeds 103,000 sqm, and the building meets BREEAM environmental certification requirements at the "Excellent" level. The tenant remains an international clothing retail chain.

The transaction reflects a broader trend of foreign funds investing in warehouse properties in Poland. Long-term leased assets with high ecological standards and stable tenants continue to be attractive investments, despite rising financing costs and economic uncertainty.

The legal support for the sale process was provided by a team from the Greenberg Traurig law firm, led by Filip Janeczko (Counsel), with assistance from Mateusz Rydzewski (Senior Associate) and Justyna Kozik (Associate). Financial matters were overseen by Partner Agnieszka Stankiewicz, while the overall project was coordinated by the aforementioned Karol Brzoskowski.

Reico IS, the manager of the Long Lease fund, oversees a portfolio of commercial properties across Central and Eastern Europe. In recent years, the fund has focused on acquiring long-term leased assets aligned with the "core+" investment model.

The transaction amount has not been disclosed.