Loading...
Loading...
W. P. Carey Inc.
WPC,
a real estate investment trust ("REIT") specializing in corporate
sale and leaseback and build to suit, single-tenant construction
financing, announced today that CPA(R):17 - Global, one of its
publicly held non-traded REIT affiliates, has acquired a portfolio of
eight retail stores in Croatia.
The total acquisition price was approximately EUR 34.6 million ($46
million). The sites will be long-term, triple-net leased to Konzum, a
subsidiary of Agrokor d.d. (S&P: "B / Positive Outlook").
With approximately EUR 4 billion in annual revenues and nearly 35,000
employees, Agrokor d.d. is the largest private company in Croatia and
one of the leading food companies in Eastern Europe. Agrokor is
Croatia's largest food and drink producer, processor, distributor and
retailer.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in