Numisma, a joint venture between the Guernsey based Pervaiz Naviede Family Trust (PNFT) and the Stenham Group, has taken over the entire retail assets of Germany's Distributa group for a sum of over EUR 450 mln. Numisma was advised by its asset manager McCafferty Asset Management.
Numisma, a joint venture between the Guernsey based Pervaiz Naviede Family Trust (PNFT) and the Stenham Group, has taken over the entire retail assets of Germany's Distributa group for a sum of over EUR 450 mln. Numisma was advised by its asset manager McCafferty Asset Management.
The portfolio consists of 17 Hela DIY stores, nine Accord supermarkets and five SB department stores. The deal includes a 7,000 m2 site and a business district in Saarlouis. The portfolio comprises a total retail space of 260,000 2m in industrial areas located mainly in the Saarland, Rheinland-Pfalz and Baden-Wurttemberg provinces.
Since its launch in October 2005, Numisma has been expanding its property portfolio in Germany and Switzerland.
