Trei Real Estate has sold a portfolio of 40 Spar supermarkets to Erste Asset Management. With the exception of two assets, the portfolio’s buildings are leased to Spar Hungary on a long-term basis. In all, the agreement covers over 39,500 sqm in locations all over the country (including 13 locations in Budapest). According to Budapest Business Journal, Colliers International supported Trei Real Estate in the transaction, while CMS Cameron McKenna provided legal advice. Trei Real Estate is the real estate venture of the Tengelmann Group which develops projects in Germany, Poland, the Czech Republic and the U.S.
Foto: Trade Magazin
