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Groupe Casino has entered into a binding agreement with Tikehau Capital to sell a portfolio of 30 real estate assets. These assets include hypermarket and supermarket premises leased to Casino, Intermarché, Carrefour, and Auchan. Some of these properties also have real estate development potential.
The sale, set for the second half of 2024, will be completed in several installments. Groupe Casino expects to receive over €200 million at the time of sale, with additional payments to follow.
The agreements also include a provision for Groupe Casino to manage these properties for the next five years.
This transaction is aimed at reducing Groupe Casino’s financial debt, particularly to the bondholders of its subsidiary, Quatrim.
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By Proptechbuzz
By Ravi Kumar
