French asset manager Ciloger has completed the purchase of a portfolio of 18 Decathlon sports apparel stores across France for a combined price of €101 mln.
French asset manager Ciloger has completed the purchase of a portfolio of 18 Decathlon sports apparel stores across France for a combined price of €101 mln.
The acquisition was carried out on behalf of a retail fund managed by Ciloger. The name of the vendor was not disclosed.
The portfolio is entirely let under fixed leases.
It is the second major Decathlon portfolio acquired by Ciloger. In late 2009, the French asset manager bought 16 commercial assets leased to Decathlon under nine-year rental agreements for €115 mln.
