W. P. Carey announces €115 mln Bank Pekao transaction (PL)

W. P. Carey Inc., announced that two of its publicly held non-traded REIT affiliates, CPA®:17 – Global and CPA®:18 – Global, have jointly acquired the headquarters of Bank Pekao S.A. in Warsaw, Poland, from CA Immo.

Bank Pekao is the second largest bank in Poland. It is publicly traded on the Warsaw Stock Exchange with an equity market capitalization of nearly €12 billion and is rated “BBB+ / Stable” by S&P.

Located in the “Airport Corridor” along the main route from the airport to the city center, the facility, built in 2009 by Hochtief, is a modern Class-A building serving as Bank Pekao’s headquarters and housing more than 2,000 employees. The purchase price amounts to €115 million.

Source: W. P. Carey

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