|
Name of company
W.P. CAREY
|
|
Name of President or Managing Director for the region
Christopher Mertlitz, Managing Director, Head of European Investments
|
|
Profile of President or Managing Director for the region
Christopher Mertlitz joined W. P. Carey's European Investments Team in 2011 and was appointed Managing Director and Head of European Investments in 2021. Chris oversees W. P. Carey’s European investment activity including the sourcing, negotiating and structuring of all European transactions.
|
|
Description of company and team
W. P. Carey (NYSE: WPC) is one of the largest diversified net lease REITs, specializing in the acquisition of operationally critical, single tenant properties in North America and Europe. The company has a long history of providing customized capital solutions to publicly traded and privately held companies, developers, private equity firms and their portfolio companies. In Europe, W. P. Carey made its first investment in 1998 and now has more than 500 properties amounting to over €8 billion.
|
|
Office projects included in the portfolio
Last year, W. P. Carey announced a plan to exit the office assets within its portfolio by:
o Spinning-off 59 office properties into Net Lease Office Properties (“NLOP”), a separate publicly-traded REIT and.. o Implementing an asset sale program to dispose of remaining office properties on W. P. |
|
The value of office properties held by investor
|
|
Retail projects included in the portfolio
2024 – approximately EUR 30 million sale-leaseback of a convenience store portfolio in Poland
2021 – approximately EUR 72m acquisition of seven DIY facilities in Poland leased to OBI, WPC now owns a total of 26 OBI facilities in Poland. 2017 – EUR 186m in 18 retail assets leased to Kesko Senuki. |
|
The value of retail properties held by investor
550000000
|
|
Warehouse projects included in the portfolio
2021 - W. P. Carey completed the EUR 29 million sale-leaseback of four manufacturing facilities. The portfolio comprises one asset in the Czech Republic and three in Germany.
2019 – EUR 14 million build-to-suit of an industrial facility in Poland leased to Rockwell Automation |
|
The value of warehouse properties held by investor
680000000
|
|
PRS projects included in the portfolio
|
|
The value of PRS properties held by investor
|
|
The largest purchase transactions between July 2023 and June 2024
February 2024: €280 million sale-leaseback of 16 industrial facilities totaling 414,000 square meters. Portfolio comprises 12 assets in Italy, 3 in Spain and 1 in Germany and is triple-net leased to Fedrigoni Group (“Fedrigoni”), a global manufacturer of high added value specialty papers for luxury packaging.
May 2024: €80 million sale-leaseback of an industrial and R&D portfolio totalling approximately 103,000 square metres to Metra, a global manufacturer of extruded aluminium. |
|
Why the company should be considered for the award
Since its founding more than 50 years ago, W. P. Carey helped pioneer the sale-leaseback model in the US and again in Europe over 25 years ago. While it adopts a ‘sector-agnostic’ investment approach, W. P. Carey has an on-the-ground European investment team that can quickly and efficiently execute complex, multi-asset, multi-jurisdictional deals with multiple parties. W. P. Carey also has a strong track record in the CEE region (over 1.3 billion EUR invested) and continues to identify and close attractive opportunities here.
|
|
Future plans
W. P. Carey remains fundamentally geography agnostic yet continues to see attractive opportunities in the region. The combination of economic growth, infrastructure development, and investor-friendly tax policies within the CEE region, particularly Poland, makes it increasingly attractive.
|
|
Company website
https://www.wpcarey.com/
|
Copyright © 2016 Eurocee Sp. z o.o. Wszystkie prawa zastrzeżone. Design & support encode
