Principal Asset Management has expanded its Polish portfolio with the acquisition of a 16,281-square-meter industrial property in Kraków, Poland, in a sale-and-leaseback transaction on behalf of LOG IN, the European logistics and industrial fund managed by Theoreim.
The property is occupied by a leading European industrial company operating across several countries and multiple production sites. The occupier has leased back the property on a new 10-year, triple-net lease, under which all operating, maintenance and repair costs are borne by the tenant.
The property is situated in the Nowa Huta industrial zone, east of Kraków, and benefits from direct access to the A4 motorway, the main logistics route crossing southern Poland. It is approximately 20 minutes from the city center and 30 minutes from John Paul II International Airport.
Built in 2001 and refurbished in 2008, the asset features six loading bays, four ground-level doors, a floor load capacity of five
