Nokia Solutions and Networks have completed a sale and leaseback deal with a WP Carey subsidiary for a research and development facility in Poland.
WP Carey’s CPA:17–Global has done the deal in Krakow. The 53,377 sq ft building was acquired for €9.7m (£7.8m).
Jeffrey Lefleur, managing director of WP Carey, said: “Nokia remains one of the world’s leading telecom infrastructure providers. The acquired facility is an important asset to Nokia Solutions’ and Networks’ Polish operations. This transaction highlights WP Carey’s ability to structure deals worldwide, providing long-term financing for leading global businesses.”
joanna.bourke@estatesgazette.com
