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W. P. Carey Inc Announces £40 Million Acquisition of UK Government Office Facility

Tuesday, 10 Sep 2013 02:00am EDT 

W. P. Carey Inc. announced that it has acquired an office facility of the Department of State for Communities and Local Government (DCLG), a department of the UK Government, located in Manchester, UK. The total acquisition cost of the facility was approximately £40 million (EUR55 million). The facility is leased to the DCLG on a 15-year, triple-net lease and is currently occupied by the UK's tax department, Her Majesty's Revenue & Customs. 

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