NEW YORK, NY—W.P. Carey Inc., has acquired aportfolio of 14 trade counter and industrialassets in six different trade parks across Scotland. Careymade the acquisition through its non-traded REIT, CPA:18 –Global.
Trade counter assets are typically high volume showrooms orlight retail businesses that require an element of retail space anduse the balance of space for warehousing inventory and/or officepurposes.
The assets were acquired from Cording Real EstateGroup, a real estate owner and manager, for a purchaseprice of $17.8 million (£10.6M), excludingacquisition costs.
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