W P Carey Inc News

W. P. Carey Inc., a  provider of corporate sale-leaseback financing, has acquired the R&D and class-A office facilities of Cargotec Corporation in Tampere, Finland. The premises are subject to a 20-year triple-net lease with the company. The total acquisition cost of the 183,569 square foot facility was approximately $52 million (€40 million). The facility was completed in December 2012 as a "Technology and Competence Center" dedicated to research and development of energy-efficient, safe and intelligent machinery and automation solutions.