WP Carey to purchase €300m portfolio of 70 buildings in Andalucia

The Regional Authority of Andalusia in Spain has agreed to sell 70 public public building for €300 million to fund manager WP Carey Inc, which sealed the deal through its Spanish subsidiary, Inversiones Holmes. The amount agreed is slightly above the asking price of €292 million. The succesful bidder has deposited €15 million as a warranty, equal to 5% of the total value of the transaction. The Marbella branch of CBRE advised WP Carey on the transaction.

For detailled information about the Spanish real estate office investment transactions contact i.comparables.com

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