Business News • MarketWire • CPA(R):17 - Global Acquires EUR 300 Million Metro Cash & Carry Italia S.p.A. Fund |
CPA(R):17 - Global Acquires EUR 300 Million Metro Cash & Carry Italia S.p.A. Fund |
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CPA(R):17 - Global Acquires EUR 300 Million Metro Cash & Carry Italia S.p.A. Fund
LONDON--(Marketwire - Sep 29, 2011) - W. P. Carey & Co. LLC (NYSE: WPC), the global investment management company specializing in corporate real estate financing, today announced that a subsidiary of one of its publicly-held non-traded REIT affiliates, CPAŽ:17 - Global, has acquired substantially all of the economic and voting interests in a fund that owns 20 stores leased to Metro Cash & Carry Italia S.p.A. ("Metro Italy"). Metro Italy is a wholly owned subsidiary of Metro AG, the world's largest cash and carry operator and, with reported revenues totaling ?67 billion in 2010, the world's fourth largest retailer. Metro AG has guaranteed Metro Italy's obligations under the leases. The value of the investment, which was made by CPAŽ:17 L.P., was approximately ?300 million ($400 million).
View More : http://www.marketwire.com/mw/release.do?id=1566731&sourceType=3
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