Global investment manager WP Carey has bought control of a fund that owns 20 stores let to Metro Cash & Carry Italia. The investment, which was made by CPA17 - Global, a unit of WP Carey’s publicly-held non-traded REIT affiliates, was approximately €300 million.
Metro Italy is a wholly-owned subsidiary of Metro, world’s biggest cash and carry operator. Banca IMI advised Metro, while CPA 17 – Global was advised by Natixis Capital Partners for the deal. Following the acquisition, total international assets under WP Carey’s management outside the U.S. have reached $3.5 billion.
Click here for the release from Market Wire.
WP Carey U.S. Natixis Capital Partners Metro Cash Carry Italia