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Realty Acquires 7 Carrefour Supermarkets for €93 Million

Through a sale-leaseback transaction, Carrefour, a retail food giant, will continue to operate the assets without affecting its operations.

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The US-listed real estate firm Realty Income Corporation announced that it had acquired seven Carrefour hypermarkets for €93 million.

The transaction was completed under a sale-leaseback agreement, whereby Carrefour will remain as a tenant. The assets are located in the Canary Islands, Valencia, Madrid, the Basque Country, Navarre and Castilla y León.

CBRE advised on the transaction.

Realty Income has a global portfolio of 6,700 leased assets, which has earned it a place in the S&P500, the index of the top 500 US companies. Founded in 1969, the company was listed on the New York Stock Exchange in 1994 and has been paying a monthly dividend to shareholders ever since.

Read the full article in Spanish

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