Thursday, 21 August 2014
W.P. Carey acquires Scottish Trade Counter Portfolio (UK)
W. P. Carey Inc., a global net-lease REIT specializing in corporate sale-leaseback, build-to-suit financinig and the acquisition of single-tenant net-lease properties, announced today that CPA®:18 – Global, one of its managed non-traded REITs, has acquired a portfolio of 14 trade counter and industrial assets.
The assets, located in six trade parks throughout Scotland, were acquired from Cording Real Estate Group, a real estate owner and manager, for a purchase price of £10.6 million (€13.3 million), excluding acquisition costs.
Source: Bell Pottinger