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."
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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.
