Real asset manager Patrizia has acquired a portfolio of 24 newly developed Lidl food stores across Southern Europe for an undisclosed sum, expanding its €4.2 billion European retail platform.
The 50,000 square meter portfolio, fully let to the German discount retailer on long-term, CPI-indexed leases, comprises ten assets in Italy, eight in Spain and six in France.
Source: realassets.ipe.com on the 20th of October