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 logistics facility in Frechen, Germany, for approximately €10.4 million. The cross-dock building spans 198,000 square feet and is leased through July 2025 to a subsidiary of Germany’s largest supermarket chain.

Since inception, the Fund has acquired approximately €623 million of net lease properties consisting of nearly 10 million square feet in Germany, the Netherlands, Poland, France and the UK.

Gramercy has invested €50.0 million, or approximately 14%, of the total equity of the Fund.

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, the United Kingdom 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.