New Global CEO for investment firm W. P. Carey (US)

W. P. Carey, the global investment firm that specializes in corporate sale and leaseback and build-to-suit financing, has appointed a Trevor Bond as CEO.

Trevor Bond

Trevor Bond.

The company is listed on the NYSE and headquartered in New York but has made strong stride into Europe in recent years with more than 50% of its current fund CPA 17 invested in Europe. Of the US $10 billion assets under management, W. P. Carey has US $3 billion invested across 16 European countries.

Notable recent sale leaseback transactions the firm has undertaken include the US $225 million all equity deal to provide sale leaseback to New York Times for their Eight Avenue HQ, €115 million of sale leaseback financing with Spanish food retailer Eroski and deals with Tesco and National Express.

Mr. Bond said, "Having been on the board for several years, I have had the opportunity to work with W. P. Carey's first-rate management team for some time. Since becoming interim CEO a few months ago, however, I've gained an even greater appreciation for the balanced strength of this organization and the quality of our people at all levels - which is complementary to and consistent with the caliber of our Board. We really benefit from the deep financial and investment industry experience embodied by this group.

"Although the economic environment will continue to be challenging, we believe we are well positioned to continue our success and maintain the tradition of excellence that has been emblematic of W. P. Carey throughout its history."

Source: Pelham Bell Pottinger

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