NEW YORK, NY—W.P. Carey Inc., has acquired a portfolio of 14 trade counter and industrial assets in six different trade parks across Scotland. Carey made the acquisition through its non-traded REIT, CPA:18 – Global.
Trade counter assets are typically high volume showrooms or light retail businesses that require an element of retail space and use the balance of space for warehousing inventory and/or office purposes.
The assets were acquired from Cording Real Estate Group, a real estate owner and manager, for a purchase price of $17.8 million (£10.6M), excluding acquisition costs.
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