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W.P. Carey acquires H&M DC in Poland for $85 million
New York -- Real estate investment trust W.P. Carey has acquired a Hennes & Mauritz logistics center in Poznan, Poland.
W.P. Carey, through one of its affiliates, purchased the 896,911-sq.-ft. facility for $85 million.
The center, which supplies all of H&M’s Eastern European stores as well as serves as its primary European e-commerce logistics hub, will be leased back to H&M.
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Big Lots searches for new head merchant
COLUMBUS, Ohio — Big Lots EVP and CMO John C. Martin has announced his plans to retire. He will remain with the company until his successor is appointed, and has committed to provide guidance to his successor and the company through May 2014.
Big Lots has retained SpencerStuart to conduct a search of external potential candidates.

