A WP Carey property in the Netherlands. (Photo: WP Carey)A WP Carey property in the Netherlands. (Photo: WP Carey)

WP Carey Inc, a REIT specializing in single-tenant properties, is acquiring 14 logistics assets and one corporate headquarters building in Denmark for approximately USD188 million.

The properties feature 1,986,841 square feet of total floor area and is currently triple-net leased to Danish freight carrier, Danske Fragtmænd.

The acquisition marks WP Carey's first investment in Denmark, and the acquired portfolio represents approximately 90% of Danske Fragtmænd's logistics footprint in the country.

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.