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Second sale-leaseback operation for Tecnomat

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LeadCrest Capital Partners expands Italian footprint with further acquisition of Adeo.

LeadCrest Capital Partners, the first fund dedicated exclusively to sale-leaseback and build-to-suit investments in Europe, has announced the addition of two new stores to its retail warehouse portfolio in Italy. The investment was made through an Italian real estate fund managed by Polis Fondi SGR.

The portfolio includes two modern retail warehouses totaling more than 17,000 square meters: The first facility, built in 2013, is located in Vicenza; the second asset was completed in the second half of 2023 and is located in Caserta. Both assets are built to high ESG standards and are equipped with solar panels.

“We are pleased to have completed another transaction with LeadCrest, which has deep knowledge of the retail sector and a long history in the Italian market,” commented Michele Cuoccio, CFO of Tenomat Italia. We worked with them efficiently and appreciated their solution-oriented approach.”

And, again, Diego Vidal Ponte, investment manager for Southern Europe at LeadCrest Capital Partners.: “We are excited to grow our Italian portfolio and continue our partnership withTecnomat and Adeo, the leading DIY retailer in Italy and Europe. Italy and the home improvement sector are both strategic for LeadCrest, and we look forward to growing our portfolio further in the long term through the execution of a robust European pipeline.”

LeadCrest Capital Partners was assisted by the firm 5Lex for the legal and tax aspects and by Arcadis for the technical aspects of the transaction. Tecnomat was assisted by the firm Bird & Bird in the legal aspects of this transaction.

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