December 18, 2014

W. P. Carey acquires €23.8 million light-industrial and distribution facility leased to Polaris

W. P. Carey acquires €23.8 million light-industrial and distribution facility leased to Polaris

W. P. Carey a real estate investment trust (REIT) specializing in corporate sale-leaseback financing, build-to-suit construction financing and the acquisition of single-tenant net-lease properties, has acquired a newly-constructed, 362,000 sq ft, light-industrial and distribution centre in Opole, Poland for €23.8 million leased to Polaris Industries.

Jeffrey Lefleur, Managing Director of W. P. Carey, said: “This investment for W. P. Carey’s owned real estate portfolio follows recent acquisitions by our Managed REITs in Poland — a country where we have been able to source high-quality assets with attractive yields. The facility is critical to Polaris’ European operations and will support a well-established and growing business line on a long-term net lease.”

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