Cbre and JLL assisted for DeA Capital Real Estate in the sale of 13 mass retail assets

20 November, The Retail Real Estate

Cbre, a global real estate consultancy leader, and JLL, a leading company in real estate specialised professional service and investment management, assisted DeA Capital Real Estate SGR S.p.A. to complete the sale of a portfolio composed of 13 retail assets currently leased to Carrefour Italia. The operation was carried out through DeA Capital’s closed-end alternative investment fund named Fondo Atlantic 1, and it’s valued 47 million euro. The buyer is a private investor.

Silvia Gandellini, Head of Investment Properties Retail for CBRE Italia, declares: “Supermarkets confirm being a very interesting asset class for investors, granting a safe investment both concerning the length of contract and steady cash flows. The assets of this particular portfolio are located in city centres, making them very appreciated by the local communities”.

Davide Dalmiglio, Head of Capital Markets for JLL Italia, commented: “we’re very happy with the operation just concluded. Supermarkets in city centres offer very attractive opportunities to investors seeking long-term cash flows and to value-added players as well, thanks to the possibility of repositioning the asset, potentially adding new product categories or different uses”.

The assets are mainly located in Northern Italy: 6 in Lombardy (Barzago, Busto Arsizio, Castellanza, Gallarate; Legnano and Milano); 4 in Piedmont (Grugliasco, Ivrea, Moncalieri e Novara) 1 in Bologna and 2 in Lazio (Roma and Tivoli). The properties benefit from excellent visibility and accessibility and are positioned in densely-populated areas.

Source: The Retail Real Estate

Translator: Cristina Ambrosi

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