Linklaters advised W. P. Carey, a leading net lease Real Estate Investment Trust (REIT), in its successful sale-leaseback transaction involving 123 Żabka retail stores across Poland. This transaction expanded W. P. Carey’s portfolio in Central and Eastern Europe, following a €1.3 billion investment trajectory in the region since 2006.
The transaction, completed in two phases in July and September, involves a triple-net lease agreement for a term of 20 years. The portfolio consists of stores located in high-traffic urban areas in Poland. Żabka, Poland’s foremost modern convenience store chain, stands as the lessee, further cementing its market dominance with over 10,500 stores serving approximately 3 million customers daily.
The Linklaters team was led by Tomasz Trystuła (managing associate), supported by Bartosz Boenigk (associate), Joanna Roman (associate), and Maksymilian Hau (associate) from the Warsaw real estate practice.
