18:18 24 November 2025
ICG Real Estate acquires 24 new Lidl stores worth €203.5 mln
ICG Real Estate has agreed to acquire a portfolio of 24 newly built Lidl stores for €203.5 million on behalf of the Strategic Real Estate II fund. The assets, located across the UK, Ireland and Spain and totalling around 50,000 m² of retail space, will be leased back to Lidl under long-term triple-net agreements. The properties range from 1,780 to 2,325 m² and are at various stages of construction; ICGRE will purchase each one upon completion, with final transfers expected by July 2026. T
he deal strengthens ICGRE’s position in the European sale-and-leaseback market while enabling Lidl – one of the world’s largest food retailers – to free up capital and reinvest in further expansion.
