CPA:18 - Global Acquires NOK 815 Million Retail Property in Oslo, Norway

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Key Facts

Management Commentary

W. P. Carey Managing Director and Head of Global Investments, Jason Fox, commented: "This transaction offered the opportunity for CPA®:18 – Global to secure a high-quality retail asset in a prime Oslo location. Given the city's path of development and the strength of the existing tenancy at the site, we believe the investment offers attractive current cash flow as well as the opportunity for potential future development. The deal also provided funding for Coop Norge, allowing them to access the current value of their real estate holdings as a means of funding growth and expansion opportunities. We are delighted to expand CPA®:18 – Global's Norwegian holdings—which include the Siemens headquarters in Oslo and the Apply AS headquarters in Stavanger—with another high-quality asset."

Roy Meyer, CEO at Coop Norge Eiendom AS noted: " W. P. Carey's global investing perspective and previous experience in Norway were invaluable in enabling us to complete this deal. Their ability to deliver on the required structure, along with their understanding of the strength of the asset and its location, made them the ideal buyer of our property us. We look forward to continuing our relationship as CPA®:18 – Global's tenant at this strong retail location."

Lars Windfelt, Founder of Winta Eiendom AS, added: "We were attracted to the asset because of its stable cash flows and strong, established retail location. We are delighted to be working with W. P. Carey and welcome the opportunity to apply our local expertise to develop potential value-add strategies that will accrue to the benefit of CPA®:18 – Global's investors over time." 

Arctic Securities AS advised CPA®:18 – Global and Winta Eiendom on the acquisition and provided long-term bond financing for the investment. DTZ Realkapital advised COOP on the sale.

CPA:18 - Global Acquires NOK 815 Million Retail Property in Oslo, Norway

W. P. Carey Inc.

Please visit www.wpcarey.mediaroom.com for more information about W. P. Carey, to access our image and video libraries and to follow us on social media.

This press release contains forward-looking statements within the meaning of the Federal securities laws. The statements of Mr. Fox 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 commercial properties; interest rate levels; the availability of financing; andother 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. For further information on factors that could impact CPA®:18 – Global, reference is made to its filings with the Securities and Exchange Commission.Statements about past performance, which are presented for informational purposes only, are not a guarantee of future results.

W. P. Carey Inc. contacts:

Europe
Dan de Belder/ Emma Kent/Tom Cahn 
+44 207 861 3232
[email protected]

US
Guy Lawrence
+ 1 212-308-3333
[email protected]

Kristina McMenamin
+ 1 212-492-8995
[email protected]

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