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 the Company, acquired an office asset in Rotterdam, Netherlands, for a purchase price of approximately €13.2 million. The building, totaling 60,290 square feet (5,601 square meters), is leased through November 2027 to Cofely Nederland N.V., a subsidiary of ENGIE, an international supplier of integrated building services including energy, technical and facilities management services.

The transaction is the Fund's sixth in the Netherlands and is in line with the Company's strategy to build within the Fund a pan-European portfolio of single-tenant properties. Since April 2015, the Fund has completed nine transactions amassing a portfolio totaling €256 million and spanning over 3.5 million square feet (330,000 square meters) in Germany, the Netherlands and Poland.

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 purchased through sale-leaseback transactions or directly from property developers and owners. 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 at www.gptreit.com or contact Investor Relations at 212-297-1000.

View source version on businesswire.com :http://www.businesswire.com/news/home/20160122005107/en/

For Gramercy Property Trust
Brittany A. Sanders, 212-297-1000
Investor Relations

Source: Gramercy Property Trust

Gramercy Property Trust Inc. issued this content on 22 January 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 27 January 2016 16:21:18 UTC

Original Document: http://ir.gptreit.com/file.aspx?IID=4092552&FID=32623823