Key Facts:

• High quality, well-established tenant: With a presence in over 100 countries, Scania is one of the world's leading manufacturers of commercial vehicles, particularly heavy trucks and buses. Founded in 1900, it is wholly-owned by German automotive group Volkswagen AG. Scania is rated A- by Standard & Poor's; Volkswagen is rated A by Standard & Poor's and A2 by Moody's.
• Critical logistics facility in strategic location: Completed in March 2015, the Class-A building was purpose-built for Scania to provide logistics support for one of its main manufacturing plants in Oskarshamn, which was recently expanded. The facility is located on a key highway route connecting Stockholm, Oskarshamn and Malmö to mainland Europe.
• Long-term net lease with built-in rent growth: The facility is net leased with approximately 15 years remaining and includes annual CPI-based rent escalations.

Arvi Luoma, Executive Director of W. P. Carey, commented, "Having operated in Oskarshamn since 1946, Scania is a well-established investment grade tenant and one of the largest employers in Southern Sweden. Bordering Norway and Finland, Sweden is connected to Denmark and mainland Europe by a bridge-tunnel making it an attractive logistics route within the Nordic region. Sweden, the third-largest country in the European Union by area, is rated AAA by both S&P and Fitch, and Aaa by Moody's. We are pleased to complete this transaction and secure another high-quality asset in the Nordic region that is positioned to deliver current income and add long-term value to W. P. Carey's portfolio."