The asset manager Corum revealed that it acquired a 7-building hypermarket chain called Family Cash in Spain for €33.7m, reflecting a yield of 7.12 percent. Josef Gavino, Corum’s director in Portugal, said the sale was completed against the backdrop of economic pain caused by a serious health crisis. While he acknowledged that while the final impact of the pandemic would have on the world’s economy was uncertain, it was necessary to think long-term. The company announced that it would be distributing €11.8m of the rents it received in March to more than 40,000 shareholders.
