WP Carey Buys €300M Fund

Global investment managerWP Careyhas bought control of a fund that owns 20 stores let toMetro Cash & Carry Italia. The investment, which was made byCPA17——全球, a unit of WP Carey's publicly-held non-traded REIT affiliates, was approximately €300 million.

Metro Italy is a wholly-owned subsidiary of Metro, world’s biggest cash and carry operator.Banca IMIadvised Metro, while CPA 17 – Global was advised byNatixis Capital Partnersfor the deal. Following the acquisition, total international assets under WP Carey’s management outside the U.S. have reached $3.5 billion.

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