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W. P. Carey Inc's Affiliate Announces Acquisition of H&M Distribution Center In Poland

Wednesday, 17 Jul 2013 07:00am EDT 

W. P. Carey Inc announced that CPA:17 - Global, one of its publicly held non-traded REIT affiliates, has acquired a logistics center of H&M Hennes & Mauritz AB (H&M) in Poznan, Poland from a fund managed by Invesco Real Estate. The total acquisition cost for the 896,911 sq ft (83,325 sq m) facility was approximately $85 million (EUR64 million). Invesco Real Estate was represented by Colliers International in the transaction, who was retained to market the property for sale. Property agent Victorios acted on behalf of CPA:17 - Global. 

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