{"id":1004103637,"date":"2014-09-12T06:15:25","date_gmt":"2014-09-12T14:15:25","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004103637"},"modified":"2022-12-08T23:57:23","modified_gmt":"2022-12-09T07:57:23","slug":"w-p-carey-completes-sale-leaseback-with-nokia-in-poland","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/w-p-carey-completes-sale-leaseback-with-nokia-in-poland\/","title":{"rendered":"INTERNATIONAL: W.P. Carey Completes Sale-Leaseback with Nokia in Poland"},"content":{"rendered":"<p><i>by Adriana Pop, Associate Editor<\/i><\/p>\n<p>In a sale-leaseback deal with Nokia Solutions and Networks, W.P. Carey Inc. has acquired an office\/R&amp;D facility in Poland on behalf of one of its non-traded REIT affiliates.<\/p>\n<p>The transaction, which marks the company\u2019s second acquisition in Poland this year, closed for approximately $13 million (\u20ac9.7 million). It comprises a 10-year, triple-net lease.<\/p>\n<p>Located in Krakow, the country\u2019s second largest city, the 53,377-square-foot facility houses approximately 300 engineers, computer technicians and researchers who are working within Nokia&#8217;s network and telecom infrastructure division. This segment remains the core business of Nokia following the sale of its mobile phone division to Microsoft.<\/p>\n<p>&#8220;Nokia remains one of the world&#8217;s leading telecom infrastructure providers.\u00a0 The acquired facility is an important asset to Nokia Solutions and Networks Polish operations.\u00a0 This transaction highlights W. P. Carey&#8217;s ability to structure deals worldwide, providing long-term financing for leading global businesses,&#8221; Jeffrey Lefleur, managing director of W. P. Carey, said in a statement.<\/p>\n<p>The property\u2019s neighboring facilities are Motorola, Ericpol, the Jagiellonian University Library, Ma\u0142opolska Information Technology Park and the Krakow LifeScience Technology Park and Bioincubator.<\/p>\n<p>In recent years, Krakow has emerged as &#8220;Eastern Europe&#8217;s Silicon Valley.&#8221; The city hosts a strong cluster of technology businesses, including the offices and R&amp;D centers of Google, IBM, GE and Hitachi.<\/p>\n<p>&#8220;Poland is the second largest economy in Central Eastern Europe with projected GDP growth and a healthy and liquid banking industry. These metrics, along with the strength of the Nokia tenancy and positive outlook for the Krakow office market, enhanced the attraction of this acquisition as a solid addition to CPA\u00ae:17 \u2013 Global&#8217;s portfolio,&#8221; Lefleur added.<\/p>\n<p>W. P. Carey has been active in Europe since 1998. Together with its managed REITs, the company has invested approximately $4 billion (\u20ac3 billion) in the region.<\/p>\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/regions\/international\/w-p-carey-affiliates-pay-158m-for-polish-bank-hq\/1004094385.html\">W. P. Carey\u2019s first transaction in Poland this year occurred in April<\/a>, when the company paid $158 million (\u20ac115 million) to acquire Bank Pekao&#8217;s headquarters in Warsaw on behalf of two of its managed REITs.<\/p>\n<p>Nokia Solutions and Networks (NSN) is a subsidiary of leading global communications and information company Nokia Corporation, which has an equity market capitalization of $27 billion (\u20ac20 billion). It is listed on the NYSE (Ticker: NOK) and is rated &#8220;BB \/ Positive Outlook&#8221; by S&amp;P and Moody&#8217;s.<\/p>\n<p><i>Photo <span style=\"text-decoration: underline\">credit<\/span>: W.P. Carey Inc.<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a sale-leaseback deal with Nokia Solutions and Networks, W.P. Carey Inc. has acquired an office\/R&amp;D facility in Poland on behalf of one of its non-traded REIT affiliates.<\/p>\n","protected":false},"author":445,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21781,16,21783,21742,21747],"tags":[],"class_list":["post-1004103637","post","type-post","status-publish","format-standard","hentry","category-corporate-real-estate","category-international","category-investment","category-latest","category-office"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>INTERNATIONAL: W.P. Carey Completes Sale-Leaseback with Nokia in Poland - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/w-p-carey-completes-sale-leaseback-with-nokia-in-poland\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"INTERNATIONAL: W.P. Carey Completes Sale-Leaseback with Nokia in Poland\" \/>\n<meta property=\"og:description\" content=\"In a sale-leaseback deal with Nokia Solutions and Networks, W.P. Carey Inc. has acquired an office\/R&amp;D facility in Poland on behalf of one of its non-traded REIT affiliates.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/w-p-carey-completes-sale-leaseback-with-nokia-in-poland\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-09-12T14:15:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T07:57:23+00:00\" \/>\n<meta name=\"author\" content=\"Paul Rosta\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/w-p-carey-completes-sale-leaseback-with-nokia-in-poland\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/w-p-carey-completes-sale-leaseback-with-nokia-in-poland\\\/\"},\"author\":{\"name\":\"Paul Rosta\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/ed97e8245f278ce01a7b951f706152af\"},\"headline\":\"INTERNATIONAL: W.P. Carey Completes Sale-Leaseback with Nokia in Poland\",\"datePublished\":\"2014-09-12T14:15:25+00:00\",\"dateModified\":\"2022-12-09T07:57:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/w-p-carey-completes-sale-leaseback-with-nokia-in-poland\\\/\"},\"wordCount\":403,\"commentCount\":0,\"articleSection\":[\"Corporate Real Estate\",\"International\",\"Investment\",\"News\",\"Office\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/w-p-carey-completes-sale-leaseback-with-nokia-in-poland\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/w-p-carey-completes-sale-leaseback-with-nokia-in-poland\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/w-p-carey-completes-sale-leaseback-with-nokia-in-poland\\\/\",\"name\":\"INTERNATIONAL: W.P. Carey Completes Sale-Leaseback with Nokia in Poland - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"datePublished\":\"2014-09-12T14:15:25+00:00\",\"dateModified\":\"2022-12-09T07:57:23+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/ed97e8245f278ce01a7b951f706152af\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/w-p-carey-completes-sale-leaseback-with-nokia-in-poland\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/w-p-carey-completes-sale-leaseback-with-nokia-in-poland\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/w-p-carey-completes-sale-leaseback-with-nokia-in-poland\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"INTERNATIONAL: W.P. Carey Completes Sale-Leaseback with Nokia in Poland\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/ed97e8245f278ce01a7b951f706152af\",\"name\":\"Paul Rosta\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/9c1c95e152828621b403b03a53198a2cb762882a74877838d5ccb2f54ebd769f?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/9c1c95e152828621b403b03a53198a2cb762882a74877838d5ccb2f54ebd769f?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/9c1c95e152828621b403b03a53198a2cb762882a74877838d5ccb2f54ebd769f?s=96&d=mm&r=g\",\"caption\":\"Paul Rosta\"},\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/paul-rosta-2\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"INTERNATIONAL: W.P. Carey Completes Sale-Leaseback with Nokia in Poland - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/w-p-carey-completes-sale-leaseback-with-nokia-in-poland\/","og_locale":"en_US","og_type":"article","og_title":"INTERNATIONAL: W.P. Carey Completes Sale-Leaseback with Nokia in Poland","og_description":"In a sale-leaseback deal with Nokia Solutions and Networks, W.P. Carey Inc. has acquired an office\/R&amp;D facility in Poland on behalf of one of its non-traded REIT affiliates.","og_url":"https:\/\/www.commercialsearch.com\/news\/w-p-carey-completes-sale-leaseback-with-nokia-in-poland\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2014-09-12T14:15:25+00:00","article_modified_time":"2022-12-09T07:57:23+00:00","author":"Paul Rosta","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/w-p-carey-completes-sale-leaseback-with-nokia-in-poland\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/w-p-carey-completes-sale-leaseback-with-nokia-in-poland\/"},"author":{"name":"Paul Rosta","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/ed97e8245f278ce01a7b951f706152af"},"headline":"INTERNATIONAL: W.P. Carey Completes Sale-Leaseback with Nokia in Poland","datePublished":"2014-09-12T14:15:25+00:00","dateModified":"2022-12-09T07:57:23+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/w-p-carey-completes-sale-leaseback-with-nokia-in-poland\/"},"wordCount":403,"commentCount":0,"articleSection":["Corporate Real Estate","International","Investment","News","Office"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.commercialsearch.com\/news\/w-p-carey-completes-sale-leaseback-with-nokia-in-poland\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/w-p-carey-completes-sale-leaseback-with-nokia-in-poland\/","url":"https:\/\/www.commercialsearch.com\/news\/w-p-carey-completes-sale-leaseback-with-nokia-in-poland\/","name":"INTERNATIONAL: W.P. Carey Completes Sale-Leaseback with Nokia in Poland - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"datePublished":"2014-09-12T14:15:25+00:00","dateModified":"2022-12-09T07:57:23+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/ed97e8245f278ce01a7b951f706152af"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/w-p-carey-completes-sale-leaseback-with-nokia-in-poland\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/w-p-carey-completes-sale-leaseback-with-nokia-in-poland\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/w-p-carey-completes-sale-leaseback-with-nokia-in-poland\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"INTERNATIONAL: W.P. Carey Completes Sale-Leaseback with Nokia in Poland"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/ed97e8245f278ce01a7b951f706152af","name":"Paul Rosta","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/9c1c95e152828621b403b03a53198a2cb762882a74877838d5ccb2f54ebd769f?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/9c1c95e152828621b403b03a53198a2cb762882a74877838d5ccb2f54ebd769f?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/9c1c95e152828621b403b03a53198a2cb762882a74877838d5ccb2f54ebd769f?s=96&d=mm&r=g","caption":"Paul Rosta"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/paul-rosta-2\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004103637","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/445"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004103637"}],"version-history":[{"count":2,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004103637\/revisions"}],"predecessor-version":[{"id":1004621175,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004103637\/revisions\/1004621175"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004103637"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004103637"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004103637"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}