ING Real Estate Finance (ING REF) has agreed to provide a EUR 70.5 mln funding to WP Carey's publicly-held, non-traded REIT affiliates CPA®:15 and CPA®:17 - Global. The debt facility will be used to finance WP Carey's EUR 155 mln acquisition of six distribution centres formerly owned by C1000, the second-largest supermarket chain in the Netherlands. BAWAG PSK joined the term loan facility arranged by ING REF.
The Grand Hotel Imperiale in Forte dei Marmi, Italy has been sold to UAE-based real estate company Emaar Properties, owner of renowned buildings such as the Burj Khalifa and the Dubai Mall.
