18:27 4 September 2019
Metro sells five Polish Cash & Carry stores
Metro Properties has sold and leased back a portfolio of 11 Cash & Carry stores in Poland, Hungary and the Czech Republic. The portfolio – which includes five Polish stores, located in Warsaw, Wrocław, Kraków and Lublin – has been acquired by Vienna-based investment manager FLE, a subsidiary of the French LFPI Group, with the value of the transaction exceeding €250 million. Metro and Makro Cash & Carry will continue to operate the sold stores on the basis of long-term lease contracts.
(Warsaw Business Journal)
