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Gramercy Europe Announces the Acquisitions of Logistics Assets located in Germany and the Netherlands for an Aggregate Purchase Price of €46.8 Million

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NEW YORK--(BUSINESS WIRE)--Gramercy Property Trust Inc. (NYSE:GPT), a real estate investment trust, announced today that Gramercy Property Europe plc (the Fund) has entered into a definitive agreement to acquire a logistics, retail and office headquarters facility totaling 381,490 square feet (35,454 square meters) located in Jüchen, Germany. Built in 2009, the facility is leased through April 2024 to a retailer of sporting apparel. The property will be acquired for a purchase price of approxim

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