Generali Fond Realit, managed by Generali Investments CEE and using advisory services from Generali Real Estate, has completed the acquisition of a portfolio of three Lidl supermarkets spanning 6,816 sqm, which are located in Mníšek pod Brdy, Kutná Hora and Olomouc. The transaction was completed in partnership with Czech investment group Star Capital Finance (SCF).
This is a sale and leaseback transaction where Lidl built the stores according to its needs, then sold them and will lease them back long-term.
"We are pleased that Lidl selected us as their long-term strategic partner and that we managed to close this transaction together with Generali. Their real estate fund becomes the sole owner of these properties, while we become a partner in the fund," said Josef Malíř, CEO and Owner of SCF. "Cooperation with such partners confirms the quality of our approach and SCF's strength in the Central European real estate market."
"By acquiring three new Lidl stores, we strengthen the fund's strategy focused on long-term and stable cashflow for our clients," said Ramon Spoladore, Head of CEE & Nordics region at Generali Real Estate. "Mníšek pod Brdy is also the first store with elements of Lidl's new concept - modern design and clear spaces for more comfortable shopping," added Jaroslav Chalupka, Head of Transactions CEE and Nordics at Generali Real Estate.
The acquired projects are located on the access road to Mníšek pod Brdy near the D4 motorway, in Kutná Hora near OC Šipší, and on the access road to Olomouc via route 55.
