Build-to-suit of Class-A office in Germany

W. P. Carey provides 100% funding of construction cost

Banco Santander S.A.

In 2013, W. P. Carey funded $53 million for the construction of a 212,000-square-foot office facility, enabling the bank to consolidate to consolidate several office locations. Construction of the strategic facility was completed in 2015 and provided critical support for Banco Santander’s growing German footprint. Today, Santander has grown to become one of the top five banks in Germany.