Key Developments: W. P. Carey Inc (WPC.N)
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Latest Key Developments (Source: Significant Developments)
W. P. Carey Inc Announces Second Quarter 2013 Dividend
W. P. Carey Inc announced that its Board of Directors had increased its second quarter 2013 cash dividend to $0.84 per share, which equates to an annualized rate of $3.36. Payable on July 15, 2013 to shareholders of record as of July 1, 2013. Full Article
W. P. Carey Inc Acquires Arbella Corporate Headquarters Facility Outside of Boston
W. P. Carey Inc announced that it has acquired the corporate headquarters for the Arbella Insurance Group. The property, located in Quincy, Massachusetts, is currently leased to Arbella with a remaining term of 14 years. The purchase price was approximately $26 million. Full Article
W. P. Carey Inc Announces $52 million Acquisition Of Cargotec Campus In Finland
W. P. Carey Inc announced that it has acquired the research and development and class-A office facilities of Cargotec Corporation in Tampere, Finland, which are subject to a 20-year triple-net lease with the Company. The total acquisition cost of the 183,569 square foot facility was approximately $52 million (EUR40 million). Full Article
WP Carey Inc Acquires Hutton Hotel
WP Carey Inc announced that it has acquired Hutton Hotel, a premier four-star, luxury lifestyle boutique hotel in downtown Nashville. The 247-room hotel opened in 2009. CWI's total investment in the property is approximately $77.3 million, including a $73.6 million purchase price and $3.7 million of planned capital improvements and other acquisition-related costs. The hotel will continue to be managed by Amerimar Enterprises, Inc. Full Article
WP Carey Inc Acquires Tommy Hilfiger European Distribution Center
WP Carey Inc announced that it has acquired the main European distribution center of the Tommy Hilfiger Group from its current landlord, Aspen Real Estate Investments BV. The total acquisition cost for the facility was approximately EUR30 million ($38.8 million). The facility is subject to an existing net lease with Tommy Hilfiger Europe B.V. Headquartered in Amsterdam, Tommy Hilfiger Europe B.V. represents the European business of the Tommy Hilfiger Group. In Europe, Tommy Hilfiger sells to more than 9,000 wholesalers and owns / operates 118 retail stores and 43 outlet stores. Full Article
WP Carey Inc Increases Quarterly Dividend By 24%
WP Carey Inc announced that its Board of Directors had increased the Company's first quarter 2013 cash dividend to $0.82 per share, which equates to an annualized rate of $3.28. Payable on April 15, 2013 to shareholders of record as of March 28, 2013, this marks W. P. Carey's increase and represents a 24% increase over the prior quarter. Full Article
WP Carey Inc Announces CFO Change-Form 8-K
WP Carey Inc reported in its Form 8-K that as previously announced, effective as of March 1, 2013, Catherine D. Rice became the Chief Financial Officer (CFO) of W. P. Carey Inc. (Company), and upon her appointment, Mark J. DeCesaris resigned from his role as Chief Financial Officer (CFO) of the Company. Mr. DeCesaris will continue to be a Director of the Company and, as such, will be eligible to participate in the Company’s standard non-employee director compensation program. Full Article
WP Carey Inc Announces Quarterly Distribution
WP Carey Inc announced that its Board of Directors had increased its fourth quarter 2012 cash distribution to $0.66 per share, which equates to an annualized rate of $2.64. Payable on January 15, 2013 to shareholders of record as of December 31, 2012. Full Article
WP Carey Inc's CPA(R):17 - Global Announces Acquisition of Houston CBD Office Tower
WP Carey Inc announced that CPA(R):17 - Global, one of its publicly held non-traded REIT affiliates, has acquired an office tower in Houston, Texas. The property is primarily leased to Kellogg Brown & Root, Inc. (KBR), which occupies approximately 900,000 square feet under a net lease with a remaining term of approximately 18 years. The 1,047,748 square foot building is 99.8% leased, with the majority leased by KBR, and the balance occupied by a mixture of office and retail tenants. In addition to the 40 story office tower, the acquisition includes a 1,499 stall parking garage. The terms of the acquisition were not disclosed. Full Article
WP Carey Inc Announces Appointment Of Chief Financial Officer And Managing Director
WP Carey Inc announced that Catherine (Katy) D. Rice will join the Company as Managing Director on January 7, 2013 and will be appointed Chief Financial Officer (CFO) in March 2013. The Company announced Mark DeCesaris' intention to resign as CFO and his election as a member of the Board of Directors in July 2012. Full Article
Polish TPSA plans to sell its Internet arm in H2 2013
WARSAW, Feb 12 - Poland's top telecoms group TPSA expects to sell its fully-owned web portal Wp.pl in the second half of 2013, the operator's Chief Executive Maciej Witucki said on Tuesday.
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