The centre, which was sold for EUR 64 mln, is subject to a long-term, triple-net lease that is fully guaranteed by fashion retailer H&M. “The acquisition marks our fourth European transaction this year overall, bringing total year-to-date investment in Europe to app. EUR 166 mln. We were attracted to the long-term income provided by the lease, the strong guarantee of H&M and the high quality of the property,” said Jeffrey Lefleur, the managing director of W. P. Carey.

Source: eurobuildcee.com