ING Real Estate Finance (ING REF) has agreed to provide a EUR 70.5 mln funding to WP Carey's publicly-held, non-traded REIT affiliates CPA®:15 and CPA®:17 - Global. The debt facility will be used to finance WP Carey's EUR 155 mln acquisition of six distribution centres formerly owned by C1000, the second-largest supermarket chain in the Netherlands. BAWAG PSK joined the term loan facility arranged by ING REF.
Pan-European investor Bowery and real estate investor Alba join forces to acquire their first last-mile logistics asset in the Netherlands.
