SOURCE: W. P. Carey & Co. LLC

September 10, 2008 03:15 ET

W. P. Carey & Co. LLC Appoints Head of London Office

NEW YORK, NY--(Marketwire - September 10, 2008) - Investment firm W. P. Carey & Co. LLC (NYSE: WPC) announced today that Tom Quigley has been appointed Managing Director of W. P. Carey & Co. Limited, W. P. Carey's U.K. subsidiary. Mr. Quigley will serve as head of the firm's London office and will be primarily responsible for generating and executing its investment activity in Europe.

Mr. Quigley joins W. P. Carey & Co. Limited with more than 20 years of corporate finance experience in the London banking, private equity and larger financial institutions, having had involvement in transactions with a total value in excess of $20 billion (EUR 15 billion). Prior to joining W. P. Carey, Mr. Quigley served as Director of Terra Firma Capital Partners. Prior to Terra Firma, he was a Managing Director in Investment Banking at ING Barings and head of the hospitality, leisure and retail advisory group at Close Brothers Corporate Finance. Mr. Quigley is a Chartered Accountant having trained with Price Waterhouse, London. He holds a B.A. Honours degree in Physics from Keble College at Oxford University.

W. P. Carey has a global portfolio exceeding $10 billion (EUR 7 billion) in assets, with assets under management in Europe approaching $3 billion (EUR 2 billion). Commenting on the appointment of Tom Quigley, Gordon DuGan, Chief Executive Officer and President of W. P. Carey, said, "Following the opening of our asset management office in Amsterdam, Tom's appointment in London is indicative of our ongoing commitment to build on the success of our international growth initiatives. As we continue to source and develop opportunities for sale-leaseback and related financings in overseas markets, our ability to draw on his knowledge and substantial deal history will be a major asset in further developing our European franchise. Tom's skills and experience will enhance our transactional expertise throughout Europe."

Tom Quigley commented, "W. P. Carey's 35-year history and reputation as a constant source of capital in continuously changing markets provide an attractive platform for developing and executing on financing and investment opportunities throughout Europe. In addition, W. P. Carey's long term investment approach and dedication to developing partnerships with its tenant companies and their owners is well suited to the European market. I am very pleased to join W. P. Carey in London and look forward to applying my own background and experience in the financing sector to growing the firm's European portfolio."

W. P. Carey & Co. LLC

W. P. Carey & Co. LLC provides long-term sale-leaseback and build-to-suit financing for companies worldwide and manages a global investment portfolio worth more than $10 billion (EUR 7 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 release capital tied up in real estate assets. Now in our 35th year, the W. P. Carey Group's real estate holdings are highly diversified, comprised of more than 850 commercial and industrial assets spanning 28 industries and 14 countries.

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This press release contains forward-looking statements within the meaning of the Federal securities laws. A number of factors could cause the Company's actual results, performance or achievement to differ materially from those anticipated. Among those risks, trends and uncertainties are the general economic climate; the supply of and demand for office and industrial properties; interest rate levels; the availability of financing; and other risks associated with the acquisition and ownership of properties, including risks that the tenants will not pay rent, or that costs may be greater than anticipated. For further information on factors that could impact the Company, reference is made to the Company's filings with the Securities and Exchange Commission.

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