EUR 23.2 million facility with funds/entities advised by W.P.Carey & Co. LLC
On 3 June 2008, Société Générale closed a EUR 23.2 million facility with funds/entities advised by W.P.Carey & Co. LLC to partially finance the acquisition and extension of industrial assets located in Germany - through a sale & lease back with one leading automotive supplier., The W.P.Carey Group is a leading global provider of long-term net lease financing for companies worldwide. WPC manages a portfolio of 850 commercial and industrial properties in 14 countries worth approximately USD 9.7 billion. , The transaction is the 7th sale & lease back of funds/entities advised by W.P.Carey & Co. LLC in Germany and the first one financed by Société Générale. The assets represent a net lettable area of rd. 78,000 m² (manufacturing/office spaces) and are let to affiliates of Wagon plc for 15 years., The financing is structured as a non-recourse mortgage-secured 7-year facility of EUR 23.2 mn., Interest rate hedging for the facility will also be provided by Société Générale (embedded swap for the fixed rate).
SG CIB role: Sole Arranger, Underwriter, Agent
