MAKRO Portugal, together with METRO PROPERTIES, the real estate arm of METRO AG, sold its Lisbon location in a sale-and-leaseback transaction. Purchaser of the company's administrative headquarters, including the store premises, in Lisbon-Alfragide (Portugal) is investment fund IMOFOMENTO, managed and represented by BPI Gestão de Ativos. The sales price was over 40 million Euros. MAKRO Portugal has secured operations for up to 30 years, including extension options.
David Antunes, CEO of MAKRO Portugal: “This transaction confirms the excellent results that MAKRO Portugal has achieved over the last few years, and during the pandemic period. This sale-and-leaseback transaction by METRO AG
David Antunes, CEO of MAKRO Portugal: “This transaction confirms the excellent results that MAKRO Portugal has achieved over the last few years, and during the pandemic period. This sale-and-leaseback transaction by METRO AG
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