Spanish food retailer Eroski has completed its third sale-and-leaseback transaction of the year with the sale of two retail warehouses to fund manager Rockspring for EUR 14.5 mln. The warehousing units specialise in sporting goods. Rockspring carried out the deal on behalf of its Rockspring TransEuropean IV PLP fund.
Spanish food retailer Eroski has completed its third sale-and-leaseback transaction of the year with the sale of two retail warehouses to fund manager Rockspring for EUR 14.5 mln. The warehousing units specialise in sporting goods. Rockspring carried out the deal on behalf of its Rockspring TransEuropean IV PLP fund.
The sale forms part of Eroski’s strategy of selling shopping centres and other properties using the sale-and-leaseback formula.
As on previous occasions, Cushman & Wakefield advised Eroski on the deal, while Reim Partners advised Rockspring. DJV Abogados advised Eroski on legal issues and Nicea Abogados advised Rockspring.
