W. P. Carey Picks Up Siemens' Oslo Headquarters For $90M

Law360, New York (February 28, 2014, 1:53 PM EST) -- Publicly-traded real estate investment trust W. P. Carey Inc. will acquire Siemens AS' headquarters building in Oslo, Norway, for $90 million from Oslo Business Park AS, it said Friday.

The 166,000-square-foot building is located in the growing Oslo Business Park, projected to have a total of 1.1 million square feet of office space across nine buildings when finished. Siemens' massive global reach and the growth of this hub as a commercial center attracted W. P. Carey's interest, the REIT said.

"The acquisition of Siemens' Norwegian headquarters...
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