REICO LONG LEASE fund has purchased a newly built logistics facility in Senec, Slovakia for €65 million, marking a fifth addition to its growing portfolio.
The 69,600 sqm facility serves as Slovak headquarters for global logistics provider DSV Slovakia and features extensive sustainability elements including infrastructure for electric vehicle charging and heat pump systems that reduce the building’s carbon footprint.
“This asset fits perfectly into the investment strategy of the REICO Long Lease fund in every aspect,” said Jiří Horák, CIO and Vice-Chairman of REICO IS EAM. “Not only in terms of its core location, institutional volume and prime quality but also environmental sustainability and, most importantly, the length of the lease.”
The property was acquired through a sale-leaseback transaction, securing long-term commitment from DSV while providing REICO with stable income.
“Since opening the RLL fund for redemptions last year, we have successfully embarked on acquisitions,” said Dušan Sýkora, Chairman of the Board. “This marks the fund’s first property acquisition in Slovakia, further expanding our geographical diversification.”
Robert Cesnek, Director of Capital Markets at iO Partners, which represented the seller, called it “the largest sale-and-leaseback in Slovakia since 2018,” noting the property’s “exceptional technical quality and sustainability credentials.”
With this acquisition, REICO LONG LEASE has increased its real estate assets to 67% of its portfolio, with total net asset value now exceeding €130 million. The fund opened in May 2021 and targets approximately 5% annual returns after full stabilization.
The fund currently owns five properties across the Czech Republic, Poland and Slovakia, serving more than 47,000 unitholders as of January 2025. REICO investiční společnost Erste Asset Management, a.s. (REICO IS EAM) was founded in 2006 in Prague as a 100% subsidiary of Česká spořitelna
