Primonial REIM has completed the acquisition of a supermarket portfolio consisting of eight assets in Northern Italy.
The assets were acquired in a sale-and-leaseback with Italian food chain Tigros for an undisclosed amount.
The purchase was made on behalf of the Italy Retail fund, launched in October 2017 and managed by Polis Fondi Sgr.
The properties are all located in the Lombardy region and have been leased back by Tigros under 12-year rental agreements. They provide 16,600 m2 of total space.
The acquisition is in line with Primonial's strategy to expand in the Eurozone area.
Primonial REIM was advised by BNP Paribas Real Estate Advisory and law firm Chiomenti.
