W.P.Carey invests in Croatia

W.P.Carey invests in Croatia

 

Review Hari Stefanatos

According to the newspaper Vecernji List the american investment fund W. P. Carey has purchased five stores from the Croatian Business giant Agrokor for €67 million.

Three of the stores are said to be in Zagreb, one in Split and one in Zadar, which is a port in the Adriatic Sea.

This business move was part of W. P. Carey’s €350 million investment in Europe.

W. P. Carey Inc. is a publicly traded REIT (NYSE: WPC) that provides long-term sale-leaseback and build-to-suit financing for companies worldwide and manages an investment portfolio of approximately $15.8 billion.

(Source CroatianTimes)