NEW YORK--(BUSINESS WIRE)--Gramercy Property Trust (NYSE:GPT), a real estate investment trust, announced today that Gramercy Property Europe plc (the Fund), a Europe-focused real estate investment fund sponsored and managed by a subsidiary of the Company, acquired a 244,200 square foot portfolio of five car dealerships via a sale and lease back transaction in locations across the Netherlands for €27.4 million. The properties range in size from 18,100 to 106,200 square feet and are all leased for an initial term of 17 years to the second largest automotive retailer in the Netherlands.

About Gramercy Property Europe plc

Gramercy Property Europe plc is an investment fund that targets single-tenant net leased assets and sale-leaseback transactions across Europe. The Fund has initial equity commitments of €350 million and will invest predominantly in industrial, office and specialty retail assets in Germany, the Netherlands, the Nordic region, France and other targeted European countries. Further information is available at www.gptreit.com/europe.

About Gramercy Property Trust

Gramercy Property Trust is a leading global investor and asset manager of commercial real estate. The Company specializes in acquiring and managing single-tenant, net-leased industrial and office properties. The Company focuses on income producing properties leased to high quality tenants in major markets in the United States and Europe.

To review the Company’s latest news releases and other corporate documents, please visit the Company's website atwww.gptreit.com or contact Investor Relations at 212-297-1000.