Principal Asset Management has expanded its Polish portfolio with the acquisition of a 16,281-square-metre industrial property in Kraków, Poland, in a sale-and-leaseback transaction on behalf of LOG IN, the European logistics and industrial fund managed by Theoreim.
The property is occupied by a leading European industrial company operating across several countries and multiple production sites. The occupier has leased back the property on a new 10-year triple net lease, under which all operating, maintenance and repair costs are borne by the tenant.
The property is situated in the Nowa Huta industrial zone, east of Kraków, and benefits from direct access to the A4 motorway, the main logistics route crossing southern Poland. It is approximately twenty minutes from the city centre and thirty minutes from John Paul II International Airport.
Built in 2001 and refurbished in 2008, the asset features six loading bays, four ground-level doors, a floor load capacity of five tonnes per square metre and a clear height of up to 13.5 metres in certain areas.
In line with the fund’s socially responsible investing (SRI) strategy, the property will undergo a programme of progressive environmental improvements. An investment plan is scheduled for the first few years of ownership to optimise the site’s energy performance and support the tenant’s environmental transition. Discussions have already begun with the tenant to identify several areas for improvement, notably the potential installation of solar panels and the optimisation of the site’s energy consumption.
The transaction strengthens LOG IN’s presence in Poland following a first acquisition completed in 2025 in Tychy. Axi Immo introduced the deal to Principal Asset Management.
Source: press release received on 13 April 2026