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Article: W. P. Carey & Co. Provides Carrefour $91 Million In Net Lease Financing Deal; Sale-Leaseback Transaction Includes Purchase of Eight State-of-the-Art Warehouse Facilities.
- Article from:
- PR Newswire
- Article date:
- March 28, 2002
CopyrightCOPYRIGHT 2002 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK -- W. P. Carey & Co. LLC , a leading real estate investment banking firm, announced today that it has acquired and leased-back eight warehouse facilities from Carrefour (Paris: CARR.PA), France's largest retailer, for approximately US $91 million (euro 104 million).
Under the terms of the sale-leaseback agreement, the facilities will be leased to Carrefour under nine year net leases. The properties, totaling more than 3,460,000 square feet, are state-of-the-art facilities with average floor to ceiling heights of 32 feet or more and are located in Paris, Lille, Caen, Nancy, Le Mans, Agen, Bourges and Lyon. The facilities were purchased on behalf of ...
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