REICO LONG LEASE, an open-ended mutual fund managed by REICO investment company Erste Asset Management, a.s., has added a logistics property in Bydgoszcz, Poland, to its portfolio. The acquisition brings the total number of assets held by the fund to six. The newly acquired asset is the LPP Distribution Center, a logistics facility completed in the first quarter of 2022. The building offers 103,864 square meters of rental space and holds a BREEAM Excellent certification. It is located near the S5 and S10 expressways, which will eventually connect to the A1 motorway, improving its accessibility for logistics operations in both Poland and neighboring Germany. The tenant is LPP Logistics, a subsidiary of international fashion retailer LPP. The company distributes clothing, footwear, and accessories through a global network of physical stores and online platforms. The lease agreement is long-term, with a three-year extension option. Bydgoszcz continues to serve as a logistics hub for major brands such as Zalando, Carrefour, Kaufland, Aldi, Lidl, and Biedronka, supporting its role as a strategic distribution location in Poland. “The property aligns with the fund’s strategy of investing in stable, long-term leased assets with strong tenants,” said Jiří Horák, CIO and Vice-Chairman of the Board of Directors at REICO IS EAM. “Its location and tenant profile contribute to the fund’s goals of stable returns, geographic diversification, and long-term portfolio sustainability.” The transaction was completed with CBRE Investment Management as the seller. REICO was advised by CMS, KODA, Gleeds, and Colliers. With the acquisition, real estate now represents 70% of the REICO LONG LEASE fund’s assets. The portfolio’s total market value is approximately CZK 5 billion. As of the end of April 2025, the fund had over 53,000 shareholders. Its targeted annual return remains in the range of 4–6%. Launched in May 2021, REICO LONG LEASE is designed for conservative and moderately dynamic investors seeking exposure to long-term leased commercial real estate. The fund’s current portfolio includes two properties in the Czech Republic, three in Poland, and one in Slovakia.