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How falling real estate store values are hitting supermarkets
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WP Carey buys assets in US, Italy in €42m cross-border deal
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WP Carey expands retail real estate portfolio in Poland
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Key Facts:
Market-leading essential retailer: Established in 1898, Casino is one of the world s largest food retailers with approximately 11,000 stores in France and Latin America. Casino maintains a multi-format strategy, operating discount, convenience, cash and carry, supermarket and hypermarket retail stores under various brands. It is also the second largest e-commerce retailer in France.
Established locations with limited local competition: The acquired hypermarkets are located in Southern and Central France, predominantly in dense urban infill areas forecast to experience above-average population growth, and where Casino is the market leader with limited competition.
High-performing properties in a resilient industry: The properties are established grocery sites that rank among Casino s top hypermarkets. As an essential retailer, the grocery sector has maintained strong demand during the pandemic.
WP Carey makes €102m food retail real estate investment in France
ipe.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ipe.com Daily Mail and Mail on Sunday newspapers.