WP Carey Closes 34.6M Sale-Leaseback Financing with AgrokorPaul QuintaroBenzinga
W. P. Carey Inc. (NYSE: WPC),a real estate investment trust ("REIT") specializing in corporatesale and leaseback and build to suit, single-tenant constructionfinancing, announced today that CPA(R):17 - Global, one of itspublicly held non-traded REIT affiliates, has acquired a portfolio ofeight retail stores in Croatia.The total acquisition price was approximately EUR 34.6 million ($46million). The sites will be long-term, triple-net leased to Konzum, asubsidiary of Agrokor d.d. (S&P: "B / Positive Outlook").With approximately EUR 4 billion in annual revenues and nearly 35,000employees, Agrokor d.d. is the largest private company in Croatia andone of the leading food companies in Eastern Europe. Agrokor isCroatia's largest food and drink producer, processor, distributor andretailer.(c) 2012 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.