Transatlantic operation. North American giant Real Estate Revenue Company closed Acquisition of a portfolio of Decathlon stores in europe you paid for 527 million eurosAs confirmed in a statement by the real estate agent. The purchased stores are distributed to Germany, France, Spain, Italy and Portugal.
Especially, 82 retail storesLocation of the French sports company remains a tenantA well-known operation in the industry sale and leaseback (sales and rental). Realty Income is recommended by Lazard and Savills, while Decathlon, Rothschild & Co. Recommended by.
Realty Income chairman Neil Abraham said in the same statement: “Decathlon exemplifies the type of leading operator that Realty Income is proud to partner with. “Decathlon’s market leading position and financial strength make it an attractive partner. […] We are pleased to have high-performance assets that Decathlon is committed to for the long term. Stores in the portfolio have been operating for an average of 18 years and Decathlon has been operating in its portfolio countries for over 20 years. We hope this will be the first step in a long and mutually beneficial global relationship between Decathlon and Realty Income.“.
Real Estate Income presence in Spain
According to Realty Income’s corporate website, the company is listed in the United States and has a market value of over $44.3 billion. 54 active Real estate in spainThis represents 0.9% of worldwide rental income.
Realty carried out three operations in our country in 2021. Two portfolios of Carrefour supermarkets: one of three supermarkets, for which it paid 64 million euros, and another of seven properties spread across the Canary Islands, Valencia, Madrid, the Basque Country, Navarra and Castilla y León, for which it paid 93 million euros. Later that year, it completed the purchase of 30 food stores, which were leased to Caprabo for $110 million and were now owned by Ibex-35 real estate company Merlin Properties.
Real Estate Income Listed on S&P 500The index brings together half a thousand of the most important companies in the United States. Moreover, Considered the ‘dividend aristocrat’Because it has increased shareholders’ compensation every year for more than 25 years.