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W. P. Carey Acquires French Logistics Portfolio Through Sale & Leaseback With The Fraikin Group.

Publication: PR Newswire
Publication Date: 27-FEB-07
Format: Online
Delivery: Immediate Online Access

Article Excerpt
NEW YORK, Feb. 27 /PRNewswire-FirstCall/ -- W. P. Carey International LLC, an affiliate of investment firm W. P. Carey & Co. LLC , announced today the acquisition of a portfolio of 61 French logistics properties through a sale and leaseback transaction with the Fraikin Group, a portfolio company of CVC Capital Partners, for $68 million.

Totaling more than 1 million square feet, the properties are situated throughout France, including locations in Paris, Lille and Marseille. The...

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