CPA:18 - Global Announces EUR 69 Million Acquisition of City Center Rotterdam Office Towers
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Key Facts
Management Commentary
Jason Fox, Co-head of Global Investments of W. P. Carey, said:
"This acquisition by CPA®:18 – Global marks the second major transaction by one of our managed REITs in the Netherlands this year. The investment further reinforces our role as a capital source for European companies, developers and investors looking to recycle capital into new investments. The long-term lease commitment, coupled with the inherent value of the asset itself, is representative of the criteria we look for when sourcing and structuring portfolio acquisitions."
W. P. Carey Director, Ralph van der Beek, added:
"Through our network of European contacts, we were able to draw on our previous investing experience in the Netherlands as well as other parts of Europe to access this attractive investment opportunity."
W. P. Carey Inc.
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This press release contains forward-looking statements within the meaning of the Federal securities laws. The statements of Mr. Fox and Mr. van der Beek are examples of forward looking statements. A number of factors could cause CPA®:18 – Global's actual results, performance or achievement to differ materially from those anticipated. Among those risks, trends and uncertainties are the general economic climate; the supply of and demand for office and industrial properties; interest rate levels; the availability of financing; and other risks associated with the acquisition and ownership of properties, including risks that the tenants will not pay rent, or that costs may be greater than anticipated; and risks related to CPA®:18 – Global's offering of shares. For further information on factors that could impact CPA®:18 – Global, reference is made to CPA®:18 – Global's respective filings with the Securities and Exchange Commission.
W. P. Carey Inc. contacts:
Europe
Dan de Belder/ Emma Kent/ Kashara Taylor
+44 203-772-2500
[email protected]
US
Guy Lawrence
+ 1 212-308-3333
[email protected]
Kristina McMenamin
+ 1 212-492-8995
[email protected]
