com/reports/c16272 ) has announced the addition
of 2005 Eastern European Broadband and Internet Market to their offering.newscom.

For more information visit
http: //www. P. W. This financing has enabled
OBI to focus on its retailing business while realizing the value of its real
estate assets."
Sergio Giroldi, CEO of OBI said, "We are committed to growing our
operations throughout Central and Eastern Europe. P. Carey's rapidly growing portfolio of
managed properties throughout Europe and Asia, which consists of more than 16
million square feet (4. As of December 31, 2005, the OBI stores recorded overall
sales worth EUR 6.Highett@fd.meessen@obi.

bosnia abroad

com
Fax: +353 1 4100 980

Carey's continuing growth into the
European marketplace on behalf of its managed Corporate Property Associates
(CPA(R)) series of income generating real estate investment funds. Carey Group. P."
Edward V."
This latest acquisition adds to W .6 billion. http://www. P. P.

government embassies

This annual report offers a wealth of information on the Broadband and
Internet markets in Belarus, Bosnia-Herzegovina, Bulgaria, Croatia, Czech
Republic, Estonia , Hungary, Latvia, Lithuania, Macedonia, Moldova, Poland,
Romania, Russia, Slovakia, Slovenia, Ukraine , Serbia and Montenegro (formerly
Yugoslavia). Carey International
LLC, an affiliate of investment firm W.newscom. P. Carey International, said, "This
transaction represents a significant step forward in W. OBI is the
fourth largest DIY retailer in the world and employs approximately 30,000
people worldwide.de/de

W.4 billion in
assets. Carey via
e-mail can register at http://www .com/alerts.

This press release contains forward-looking statements within the meaning
of the Federal securities laws.

consulates as

The transaction is expected to close March 30, 2006. Increasingly, companies throughout Europe are recognizing the
inherent benefits of sale-leaseback transactions and the advantages this type
of financing provides to growing businesses.8 million meters square). CAREY + CO. LLC
Founded in 1973, W. Carey and its affiliates have committed approximately
$3 billion over the last three years and now manage more than $7.

as well

researchandmarkets.com/cgi-bin/prnh/20040820/RESEARCH )
Internet penetration levels are low in Eastern Europe when compared with
those in Western Europe and penetration levels have a strong relationship with
GDP per capita.

Subjects covered include:
- Broadband Infrastructure, Analyses and Developments;
- The broadbanding of Eastern Europe (policies, models, concept);
- CBD, Inter-City, Regional and International Networks;
- Internet Market, VPNs and VoIP;
- Web Sites, Web hosting;
- Research , Marketing, Benchmarking;
- Vision for a National Policy, Government Policies, BAG;
- Network Operators, Wholesalers and Retailers, Utilities Projects;
- xDSL, HFC, MDS, Satellite , Cable Modems, Cable Telephony;
- Wireless Broadband. Carey's Continued Expansion Across Europe

NEW YORK, W.com/cgi-bin/prnh/20060316/NYTH012-a
http://www. OBI plans to use these funds to
further expand its footprint throughout Central and Eastern Europe.
The transaction represents W. We are pleased to have completed
this transaction and look forward to a future relationship with W. P. Carey's European
growth strategy.
Apart from the Czech Republic , Slovenia, Poland, Hungary, Bosnia-Herzegovina
and Russia, OBI is also present in Italy, Austria and Switzerland. According to
a survey by the institute TNS Infratest, OBI is among the best-known brands in
Germany with a supported brand awareness of 98%. http://www.wpcarey.

herzegovina foreign

(Logo: http: //www.Financing Will Enable OBI to Further Expand Operations Throughout Central and
Eastern Europe

Represents W. Carey + Co.
(Photo: http://www .4 billion W.
Wm.obi. Carey International LLC
specialize in helping companies and private equity firms realize the capital
tied up in their real estate assets. Whether used for buyouts, add-on
acquisitions, recapitalizations or growth, net lease financing provides access
to 100% of the real estate's value enabling companies to maintain complete
operational control. Acting as principals in transactions from $5 million to
$500 million, W.com/MediaKit

Stephanie Highett
Financial Dynamics
+44 0 20 7269 7160
Stephanie.

as herzegovina

com/reports/c16272

Laura Wood
Senior Manager
Research and Markets
press@researchandmarkets. Carey + Co . Carey. The W. P. Among those risks, trends and uncertainties are the general
economic climate; the supply of and demand for office and industrial
properties; interest rate levels; the availability of financing; and other
risks associated with the acquisition and ownership of properties, including
risks that the tenants will not pay rent, or that costs may be greater than
anticipated.

PRESS CONTACTS:
Curt Ritter
W. Carey + Co.com
http://www.

government consulates

researchandmarkets . P.newscom. CPA(R):16 - Global
will own 25% of the portfolio, while CPA(R):15 will own the remaining 75%. We are delighted to
embark upon our long-term partnership with OBI. Carey because it made the most sense for
our business strategy and will allow us to concentrate on our core
competencies rather than our real estate. P. P. KG, (Germany); Integrated Distribution Systems
(Thailand); Advanced Decorative Systems (UK); John Nurminen Oy (Finland);
Metokote Corporation (Canada and Mexico) and Murray International Metals
Limited (UK).

OBI
OBI is the leading brand in the German and European DIY retail sector.com/finance. P.

other countries

The average Internet penetration rate in
the ten countries which have recently joined the EU was around a third lower
than in the rest of the EU in mid-2004 . LLC (NYSE: WPC),
announced today that it has entered into agreements to acquire and lease back
18 facilities from OBI AG, the fourth largest Do-It-Yourself (DIY) retailer in
the world, for a total purchase price that is expected to be approximately
$200 million.
Carey is entering into this transaction on behalf of CPA(R):15 and CPA(R):16 -
Global, both members of the $7. P.
Carey has been a leading player in the U. sale-leaseback financing arena for
over thirty years, and approximately ten years in Europe. We are pleased to be a part of
OBI's first significant sale-leaseback and to assist with the Company's
continuing expansion across Central and Eastern Europe. P. A number of factors could cause the company's
actual results, performance or achievement to differ materially from those
anticipated.de

herzegovina bosnia

DUBLIN, Ireland, Research and Markets
(http://www.

W . P. Carey to Acquire 18 OBI Facilities in Poland in $200 Million Sale-Leaseback

P.com/cgi-bin/prnh /20060316/NYTH012LOGO-b
http://www.S. In an effort to achieve
these goals we reviewed several corporate financing options. Carey Group has
completed recent transactions with: Carrefour (France); Hellweg Die
Profi-Baumarkte GmbH + Co. LLC
+1 212 492 8989
critter@wpcarey .

government other

Research and Markets: Lots of Surfing Yet to Do for the Latest Countries of the EU

The major block preventing higher usage rates is the high cost
of computers compared with incomes. P. Currently, OBI operates stores
in Austria, Bosnia-Herzegovina, the Czech Republic, Germany, Hungary, Italy,
Poland, Russia, Slovenia, and Switzerland. P. P., said, "W. P. We chose the
sale-leaseback alternative with W. P.

Embassies and consulates of Bosnia and Herzegovina abroad, as well as of embassies and consulates of other countries in Bosnia and Herzegovina

other europe

newscom.com/cgi-bin/prnh/20060316/NYTH012LOGO-c )
The 18 facilities are located throughout Poland and include 15 existing
retail stores including the Polish headquarters in Warsaw, two stores under
construction and one build-to-suit retail site . Polk Carey, Founder and Chairman of W. LaPuma, President of W. The share of foreign sales was 30%.

Carey + Co. LLC and W.wpcarey.
Individuals interested in receiving future updates on W. For further information on factors that could impact the
company, reference is made to the company's filings with the Securities and
Exchange Commission.wpcarey.com

Johanna Meessen
OBI
+49 2196 76 15 09
johanna.