New York-based investors W. P. Carey, providers of long-term net leasing finance for companies worldwide, has just cut a EUR 52 mln deal with German manufacturing giant Schuler. Two of the investment firm’s real estate funds acquired Schuler’s global headquarters and largest production site in Göppingen, just outside Stuttgart. They will be leased back to Schuler on a long-term basis. Schuler is publicly traded on the German Stock Exchange and is one of the global leaders in the manufacture of metal-forming machines and related equipment.
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