WP Carey completed the acquisition of 8 industrial facilities in Italy and Spain for €74m.

WP Carey, a real estate investment trust, completed the acquisition of 8 industrial facilities in Italy and Spain for €74m. “As we celebrate 25 years of investing in Europe, we’re thrilled to continue helping corporates and sponsors unlock illiquid capital tied up in their real estate through sale-leaseback transactions. The assets in this portfolio perfectly meet our criteria – high-quality, well-maintained industrial facilities that are critical to a leading manufacturing company operating in attractive high-growth markets. The European manufacturing industry has also demonstrated impressive resilience, and we remain positive about this sector given that it benefits from secular trends,” Christopher Mertlitz, WP Carey Head of European investments.