US investment group W. P. Carey said it has completed the acquisition of a portfolio of Eroski supermarkets in Spain for $51 mln (EUR 36 mln). The Spanish sale-and-leaseback purchase was carried out by CPA(R):17 - Global, one of W. P. Carey's publicly-held REIT affiliates, and comprises 13 retail facilities operated by Eroski, the third-largest food and consumables retailer in Spain. Eroski has leased back the properties via a long-term rental agreement.
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