Realty buys 7 Carrefour supermarkets for €93M

Realty buys 7 Carrefour supermarkets for €93M

Realty Income Corporation has announced the acquisition of seven Carrefour hypermarkets for 93 million euros.

The transaction has been closed through a sale-leaseback agreement, in which Carrefour will continue to operate its supermarkets. The assets that will pass into American hands are located in the Canary Islands, Valencia, Madrid, the Basque Country, Navarra and Castilla y León.

The transaction was advised by CBRE, since it went on the market last March.

Lola Bañón, general manager of the real estate subsidiary Carrefour Property in Spain, explains: “We are delighted with this transaction with a world-class investor. It reflects the value of our real estate portfolio and reflects our active asset policy, in line with the Group's strategy ”.

For his part, the CEO of Realty Income, Sumit Roy, adds: “We are honored to announce our first expansion operation in Spain together with Carrefour, which represents a natural evolution of our international growth strategy with leading clients offering an attractive opportunity of joint growth ”.

Realty Income has a worldwide portfolio of 6,700 leasing assets, which have allowed it to be listed in the S & P500, the index of the 500 best American companies. Founded in 1969, it was listed on the New York Stock Exchange in 1994, from which time it distributes a monthly dividend to its shareholders.

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