Case Study: €17M Sale Leaseback of Industrial Facility in the Netherlands

We partnered with an industrial manufacturer of release liners based in the Netherlands that was operating out of a ~23,000 square meter facility in Apeldoorn. Our team helped the company generate €17,000,000 in proceeds through a sale leaseback transaction.

Objective:

Our team at Ascension Advisory identified the opportunity to support the company in unlocking capital tied up in its real estate through a sale leaseback. The primary objectives included generating liquidity to strengthen the company’s balance sheet, reducing leverage through debt paydown, and maintaining operational control of the facility for the long-term while securing appropriate lease flexibility.

Solution:

In structuring and managing the transaction, we focused on positioning the asset and tenant effectively to investors. We highlighted the mission-critical nature of the facility to the company’s release liner manufacturing operations, alongside its strong operating history in the Apeldoorn area and established market position in the packaging industry. In addition, we emphasized the local market's favorable fundamentals including attractive land pricing, low vacancy rates, and robust rent growth, as well as the tenant’s scale to drive investor confidence. Our team led the full process from start to finish, including investor outreach, property and credit due diligence, and lease and purchase agreement negotiations, ensuring alignment between the company’s objectives and the sale leaseback investor's requirements.

Outcome:

The transaction was successfully completed at an attractive price of €17 million, enabling the company to pay down debt and enhance its financial position. The deal demonstrates the effectiveness of sale leasebacks as a tool to unlock real estate value, improve balance sheet strength, and support long-term strategic and operational goals for global manufacturing businesses.