SOURCE: W. P. Carey & Co. LLC

W. P. Carey & Co. LLC

March 28, 2011 08:00 ET

W. P. Carey & Co. Appoints Jeffrey Lefleur Managing Director, European Investments

LONDON and NEW YORK, NY--(Marketwire - March 28, 2011) - W. P. Carey & Co. LLC (NYSE: WPC), the global investment management company specialising in long term sale leaseback and build to suit financing, today announces the appointment of Jeffrey Lefleur to Managing Director.

W. P. Carey has a global portfolio approximating $10.5 billion in assets, with Europe representing approximately $3 billion. As Managing Director, Mr. Lefleur, who operates out of offices in both London and New York, will continue to be responsible for sourcing, negotiating and executing sale-leaseback transactions in Europe on behalf of W. P. Carey's CPA® series of income-generating, non-traded REITs.

As a specialist in IAS / IFRS compliant sale leaseback financing for special-purpose & industrial real estate, over the past eight years Mr. Lefleur has helped to close W. P. Carey's first investments in Belgium, Croatia, Finland, Germany, Hungary, the Netherlands, Poland, Spain and Sweden. 

Most recently, Mr. Lefleur led the completion of a EUR 155 million ($207 million) sale leaseback financing transaction with C1000 B.V., a leading Dutch supermarket company. The deal is currently the largest sale leaseback transaction to have closed in Europe in 2011. Other recent and notable transactions managed by Mr. Lefleur include the completion of a EUR 126 million ($166 million) sale leaseback transaction with Croatia's largest private company, Agrokor, and a EUR 120 million ($159 million) sale leaseback financing deal with leading Spanish food retailer, Eroski.

H. Cabot Lodge, III, W. P. Carey's Head of European Investments, said:

"This promotion reflects Jeff's continued and significant contribution to the growth of our European sale-leaseback financing business. Since joining the international investment team in 2003, he has been instrumental in sourcing, structuring, and closing attractive bond-type, net-lease investments for W. P. Carey's international portfolio and developing new business for the company in Western and Eastern Europe. Jeff has been involved in the closing of many significant long term sale leaseback financing transactions on behalf of W. P. Carey and his promotion is well deserved."

Mr. Lefleur is a graduate of New York University's Stern School of Business, with a double-major in accounting and finance.

Contact details
Jeffrey Lefleur
jlefleur@wpcarey.com
Tel: +44 (0)20 7290 3470

W. P. Carey's recent investment activity in Europe has included the following transactions:

  • C1000, Netherlands
    January 2011; W. P. Carey provided EUR 155 million ($207 million) in long term alternative financing to one the Netherland's leading supermarkets through the acquisition of six logistics properties.

  • DTS, Spain
    December 2010; W. P. Carey provided EUR 86 million ($113 million) in long term alternative financing to Spain's largest digital pay television company through the sale leaseback of its Madrid office headquarters.

  • Agrokor, Croatia
    May and December 2010; W. P. Carey acquired a logistics portfolio and Konzum retail store portfolio for EUR 126 million ($166 million) in Zagreb, Croatia.

  • Eroski, Spain
    June 2010; W. P. Carey completed the sale leaseback of two warehouse logistics facilities in Elorrio and Mallorca, Spain, for EUR 46 million ($55 million) in June, following a EUR 74 million ($104 million) sale leaseback that was completed with Eroski over two tranches in February 2010 and December 2009. 

  •  TDG, UK
     May 2010; W. P. Carey completed a £24 Million ($37 million) sale leaseback transaction with TDG Limited for a portfolio of cold storage facilities.

About W. P. Carey & Co. LLC

W. P. Carey & Co. LLC (NYSE: WPC) is an investment management company that provides long term sale leaseback and build to suit financing for companies worldwide and manages a global investment portfolio of approximately $10.5 billion. Publicly traded on the New York Stock Exchange (WPC), W. P. Carey and its CPA® series of income-generating, non-traded REITs help companies and private equity firms unlock capital tied up in real estate assets. The W. P. Carey Group's investments are highly diversified, comprising contractual agreements with approximately 275 long term corporate obligors spanning 28 industries and 17 countries. http://www.wpcarey.com

Contact Information

  • Contacts:
    For W. P. Carey & Co. LLC:
    Europe
    Rosanne Perry/Guy Scarborough
    +44 207 861 3232
    Email Contact

    US
    Guy Lawrence
    Ross & Lawrence
    + 1 212-308-3333
    Email Contact

    Kristina McMenamin
    + 1 212-492-8995
    Email Contact