In August 2026, W. P. Carey completed a EUR 52 million sale-leaseback transaction for two light industrial production properties in Poland. The contracting party is Purmo Group, a leading European developer, manufacturer, and supplier of indoor climate solutions. The portfolio comprises a total area of approximately 83,400 square metres and is leased to Purmo Group under a triple-net lease.
Purmo Group, founded in 1953, is a European provider of sustainable indoor climate solutions. Its offerings aim to increase the energy efficiency of buildings and reduce emissions. The company operates in more than 20 countries and has a portfolio of established brands. Purmo Group is positioned in high-growth segments such as renovation, electrification, and decarbonisation. Purmo Group is majority-owned by funds managed by Apollo; Rettig Group holds a minority stake.
Strategic Importance and Sustainability Commitment
The acquired properties are essential for Purmo Group's operational activities, as a large proportion of panel radiators, the company's largest business segment, are produced there. Their strategically favourable location in Western Poland on major transport routes ensures efficient distribution within Europe. Purmo Group is also committed to accelerating the transition to more sustainable buildings. It supports customers in reducing energy consumption and emissions through energy-efficient indoor climate solutions.
- —Reduction of Scope 1 and Scope 2 emissions by 54.6% by 2033
- —Reduction of Scope 3 emissions by 32.5% by 2033
This sustainability commitment is underpinned by validated science-based targets. For Purmo Group, this means not only reducing its own environmental footprint but also maximising the positive effects of its products and solutions in European buildings.
Long-Term Partnership and Market Perspectives
The properties are leased under a triple-net master lease with a 20-year term, including annual rent escalations linked to the Consumer Price Index. Jolette Persson, Senior Vice President, Investments at W. P. Carey, stated that this transaction aligns with the type of investment opportunities the company pursues in Europe: high-quality, mission-critical real estate, leased long-term to a market-leading operator. Ms Persson also emphasised expanding their presence in Poland - a market where W. P. Carey has invested over EUR 900 million since 2006 and continues to see attractive opportunities for strategic sale-leaseback transactions.
Erik Hedin, Chief Financial Officer of Purmo Group, commented that the capital unlocked by this sale-leaseback supports the company's long-term growth ambitions. Mr Hedin highlighted that W. P. Carey understood Purmo Group's objectives and proved to be a reliable and competent partner throughout the entire process.
