WP Carey looks at opportunities in Spain, Italy

WP Carey, an international sale-and-leaseback specialist, expects to carry out more deals in Spain following the completion of EUR 115 mln in acquisitions from retailer Eroski earlier this year. 'Prior to those two Eroski deals we had not done anything in Spain before,' WP Carey president Cabot Lodge told PropertyEU on the second day of EXPO REAL in Munich.

'We expect to have EUR 250 mln of assets in Spain by the end of the year. We also expect to do something in Italy next year,' he said. New York-based WP Carey is also looking at a large retail portfolio deal in the Netherlands.