WP Carey deal man rewarded with promotion

Jeffrey Lefleur, executive director, is promoted to managing director following €155m sale and leaseback in the Netherlands.

WP Carey, the New York-based sale and leaseback specialist, has rewarded deal maker Jeffrey Lefleur with promotion following a €150 million deal in the Netherlands.

Lefleur has been elevated from executive director to managing director in the wake of the purchase and leaseback of properties owned by 1000 BV a Dutch supermarket company,  which is reputed to be the largest sale leaseback deal in Europe so far this year.

In an announcement today, WP Carey said over the past eight years, Lefleur had helped to close WP Carey’s first investments in Belgium, Croatia, Finland, Germany, Hungary, the Netherlands, Poland, Spain and Sweden on the way to assembling a $3 billion portfolio in Europe. That is roughly a third of the firm's $10.5 billion of assets under management. 

Lefleur operates out of offices in London and New York.

Other recent and notable transactions managed he has managed include the €126 million sale leaseback transaction with Croatia’s largest private company, Agrokor, and a €120 million sale leaseback financing deal with Spanish food retailer, Eroski.

H. Cabot Lodge, III, W P Carey’s head of European investments, said: “This promotion reflects Jeff’s continued and significant contribution to the growth of our European sale leaseback financing business.”

He added: “Since joining the international investment team in 2003, he has been instrumental in sourcing, structuring, and closing attractive bond-type, net-lease investments for W. P. Carey’s international portfolio and developing new business for the company in Western and Eastern Europe.”