WARSTEIN, Germany—New York-based Trust manager W. P.Carey Inc. says thatCPA:18 – Global, one of its managednon-traded REITs, has acquired an office and research &development facility leased to Infineon TechnologiesAG.

The facility, located in Warstein, was acquired from RFRGroup, a global real estate investment and developmentgroup, for $25 million (€20million).

"As one of the world's largest semiconductor companies, Infineonis a market leader and a solid addition to CPA®:18 – Global'stenant portfolio,” said Arvi Luoma, W.P. Carey's director. “Therecently completed facility is a mission-critical asset forInfineon and demonstrates its long-term strategic commitment to theregion. The purchase from RFR Group also highlights our ability tostructure transactions worldwide with institutional owners anddevelopers to provide liquidity in support of their globalportfolio strategies."

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

David Phillips

David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.