W.P. Carey buys H&M distribution centre

W.P. Carey has acquired a logistics centre of over 83,000 sqm in Poznań for its REIT affiliate CPA®:17 – Global from a fund managed by Invesco Real Estate.


18 June 2013
Monika Rykowska

The centre, which was sold for EUR 64 mln, is subject to a long-term, triple-net lease that is fully guaranteed by fashion retailer H&M. “The acquisition marks our fourth European transaction this year overall, bringing total year-to-date investment in Europe to app. EUR 166 mln. We were attracted to the long-term income provided by the lease, the strong guarantee of H&M and the high quality of the property,” said Jeffrey Lefleur, the managing director of W. P. Carey.

Source: eurobuildcee.com

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Monika Rykowska
PR & Marketing Director
+48 725 900 100
monika.rykowska@axiimmo.com