WP Carey Names Dutch Director

WP Carey & Co. has named Greg Butchart as director of its Dutch subsidiary. He is a former director of Lehman Brothers’ real estate lending group.

PRESS RELEASE

Investment firm W. P. Carey & Co. LLC (NYSE: WPC) announced today that Greg Butchart has been appointed as Director of W. P. Carey & Co. B.V., our Dutch subsidiary. Based in Amsterdam, Mr. Butchart will head the International Asset Management Group and will be primarily responsible for negotiating lease renewals, mortgage refinancings, strategic asset sales and investment restructurings related to the firm’s real estate portfolios.

Greg has extensive experience in both real estate and investment management and, before joining the firm, was a Director in Lehman Brothers’ real estate lending group. Prior to Lehman Brothers, he worked for Jones Lang LaSalle (“JLL”) as a Senior Surveyor in Investment and Corporate Finance. During his time with JLL he was also seconded to LaSalle Investment Management and Scottish Widows Investment Partnership.

 

Mr. Butchart, an MRCS Chartered Surveyor, is originally from Scotland where he received a B.Sc. from the Heriot-Watt University.

W. P. Carey has a global portfolio approaching $10 billion (EUR 7 billion) in assets, with assets under management in Europe approaching $3 billion (EUR 2 billion).

 

Commenting on the appointment, Gordon DuGan, Chief Executive Officer and President of W. P. Carey, said, “Following the opening of the asset management office in Amsterdam last year, Greg’s appointment strengthens our commitment to build on our strategy in Europe, where we have been investing for the last 10 years, and to reinforce our role as a leading market participant in this sector. Greg is a great addition to the team, and we will be able to draw on his knowledge and deal history to enhance our asset management capabilities throughout Europe.”

 

Greg Butchart commented, “I am delighted to be joining the W. P. Carey team in Amsterdam and look forward to building on the company’s outstanding 35-year history and reputation as a constant and reliable source of capital in constantly changing markets and an increasingly global economy.”

W. P. Carey & Co. LLC
W. P. Carey & Co. LLC is an investment management company that provides long-term sale-leaseback and build-to-suit financing for companies worldwide and manages a global investment portfolio approaching $10 billion. Publicly traded on the New York Stock Exchange (WPC), W. P. Carey and its CPA® series of income-generating, non-traded REITs help companies and private equity firms unlock capital tied up in real estate assets. The W. P. Carey Group’s investments are highly diversified, comprising contractual agreements with approximately 300 long-term corporate obligors spanning 28 industries and 14 countries. http://www.wpcarey.com