• Transaction / Assets
    10 Carrefour supermarkets
  • Seller
    Kennedy Wilson
  • Buyer
    Barings
  • € MM
    73.4

Kennedy Wilson Sells 10 Carrefour Supermarkets to Barings for €73.4M

14 January 2020 – El Confidencial

14 January 2020 – El Confidencial

The US fund Kennedy Wilson has sold 10 supermarkets that are currently leased to the French retailer Carrefour to the British fund Barings for €73.4 million.

The stores are located in Madrid (2), Barcelona (4), Bilbao (1), Salamanca (1), Cádiz (1) and Almería (1), and together span a surface area of 38,800 m2 with 1,100 parking spaces. All of them are situated in central locations with good public transport links.

Kennedy Wilson will reportedly generate almost €30 million from the sale, which it plans to reinvest in new opportunities in Europe as well as in other projects already underway.

Original story: El Confidencial (by EC)

Translation/Summary: Carmel Drake

Original Story: El Confidencial

Translation/Summary: Carmel Drake

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