REICO LONG LEASE acquires prime logistics property in Senec, Slovakia
REICO LONG LEASE, an open-end mutual fund managed by REICO investment company Erste Asset Management, a.s., has acquired a newly built prime logistics property in Senec, Slovakia. The acquisition, valued at approximately EUR 1.625 million, marks the fifth addition to the fund’s portfolio.
The logistics facility, covering a gross lettable area of approximately 69,600 m², is designed with sustainability in mind. It features green certification, infrastructure for electric vehicle charging, and energy-efficient systems such as heat pumps. The roof is also prepared for the installation of solar panels, aligning the property with modern ESG standards.
The facility serves as the Slovak headquarters and a key regional hub for DSV, a global logistics and transportation company. Positioned in a strategic location, the property offers excellent connectivity to major European markets, supporting efficient regional and international distribution.
The acquisition was structured as a sale and leaseback transaction, ensuring the seller's long-term commitment to the site while providing REICO LONG LEASE with a stable income stream. Jiří Horák, CIO and Vice Chairman of the Board at REICO IS EAM, stated that the investment aligns well with the fund’s strategy, emphasizing location, size, quality, and the financial strength of the tenant. The logistics park is fully occupied, with DSV as its sole tenant.
Dušan Sýkora, Chairman of the Board at REICO IS EAM, highlighted that this is the fund's first acquisition in Slovakia, further diversifying its portfolio. He also noted that the transaction would enhance the fund's performance, with returns expected to surpass previous cash investments. The fund plans to continue expanding its portfolio with additional acquisitions in the near future.
The transaction was facilitated by Wilsons, ASB Slovakia, Cushman & Wakefield, and Grinity, who represented the buyer. The seller was advised by iO Partners and legally represented by Kinstellar. Robert Cesnek, Director of Capital Markets at iO Partners, noted that this transaction is the largest sale and leaseback deal in Slovakia since 2018, underscoring strong investor interest in high-quality logistics assets.
With this acquisition, the real estate component of the REICO LONG LEASE fund’s assets has increased to 67%, further enhancing its geographic diversification. The total market value of the fund’s portfolio now exceeds CZK 3.19 billion. As of January 2025, over 47,000 shareholders had invested in the fund, which targets an annual return of approximately 5% once fully stabilized.
Launched in May 2021, REICO LONG LEASE focuses on properties with long-term leases and creditworthy tenants. It serves as a strategic addition to investment portfolios, particularly for conservative and moderately dynamic investors seeking real estate exposure. The fund currently holds five properties, including two in the Czech Republic, two in Poland, and one in Slovakia.
