W. P. Carey awarded right to buy Spanish portfolio

• The Spanish State of Andalusia is selling the properties and will be leasing them back for a 20-year term.
• The portfolio includes 70 office buildings totaling about 2.8M square feet.
• The sale is subject to certain conditions and NYSE:WPC can't be sure of closing, nor does it know of the ultimate terms or timing of the sale.
• Source: Press Release