Investment firm W. P. Carey & Co. announced on Tuesday that CPA:16 Global and CPA:17 Global, two of its publicly held non-traded REIT affiliates, have purchased two properties in Soest and Bad Wünnenberg, Germany, from Arques Industries for approximately EUR 37mln. The properties have been leased back to portfolio company Actebis under a triple net long term lease. The Soest facility serves as Actebis’ global headquarters and the Bad Wünnenberg property serves as a logistics facility for the company.
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