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Realty Acquires New Portfolio of Carrefour Supermarkets for €64 Million

It is Realty’s second acquisition in two months, reaching a total investment of 157 million euros. The firm now has a portfolio of ten assets in Spain.

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The American REIT Realty Income Corporation has acquired three Carrefour supermarkets in Spain. The investor paid 64 million euros to an unnamed seller. Carrefour has a long-term lease, so the transaction will not affect it, as Brainsre.news has learned exclusively.

Just a month ago, the retail company itself closed a sale & leaseback deal, also with Realty. In September, Realty Income bought another seven supermarkets for 93 million euros from the French group. The assets included in the agreement are located in the Canary Islands, Valencia, Madrid, the Basque Country, Navarre and Castilla y León. In total, Realty has invested 157 million euros in both operations.

The REIT has a portfolio of 6,700 rental assets, which has led to its inclusion in the S&P500, the top 500 US companies index. Founded in 1969, it was listed on the New York Stock Exchange in 1994, since which time it has paid monthly dividends to its shareholders.

Read the full article in Spanish

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