W P Carey Completes Sale-and-Leasebacks
W P Carey & Co, on behalf of its nontraded REIT affiliate CPA: 17 – Global, has acquired six logistics properties in the Netherlands from C1000 BV for €127 million in a sale-and-leaseback transaction. The properties will be leased back to the Dutch supermarket company under a long-term, triple-net lease.
W P Carey also acquired a portfolio of six retail properties in Croatia for €49 million in a sale-and-leaseback transaction with Agrokor. The properties, also acquired on behalf of W P Carey’s CPA: 17 – Global, are supermarkets and hypermarkets primarily located in Zagreb and surrounding cities; they are let to Konzum, Agrokor’s food retailing subsidiary, on a long-term, triple-net basis.
In addition, W P Carey’s CPA: 17 – Global has acquired the headquarters of Distribuidora de Television Digital SAU (DTS) in Madrid for €86 million. DTS, a provider of digital pay television in Spain, will lease back the prop