Tikehau Capital, the global alternative asset management group, has struck an off-market sale-leaseback supermarket portfolio deal in Italy for €37 mln.

Unicoop Tirreno, the Italian retailer, has agreed a triple net lease with a 24-year term and adjusted against inflation.

Unicoop Tirreno, the Italian Retailer, has Agreed a Triple Net Lease With a 24-Year Term and Adjusted Against Inflation.

The French firm’s acquisition consists of 5 supermarkets across tourist destinations in the country.

Unicoop Tirreno, the Italian retailer, has agreed a triple net lease with a 24-year term and adjusted against inflation. Pradera Management Italy originated the deal and assisted Tikehau Capital in the transaction. The investment has been carried out through an Italian fund managed by Investire.

The assets are located along the Italian Tuscan coast adjacent to tourist hot-spot towns, such as Castiglione della Pescaia, Forte dei Marmi, Venturina Terme, Orbetello and San Vincenzo.

The majority of the portfolio has been built or heavily refurbished over the last 10 years and consists mainly of stand-alone assets below 2,500 m2.

Tikehau Capital was advised by Greenberg Traurig Santa Maria, Pirola Pennuto Zei e Associati, CBRE and Yard REEAS.