The Louis Delhaize Group signed the contract for the sale of Cluj Napoca Estate SRL (the company that owns the Cora hypermarket space in Cluj-Napoca) to Studium Green, a real estate developer in Cluj.
The transaction follows the one at the end of December 2021, when the Louis Delhaize Group signed the contract for the sale of the Romanian real estate portfolio to the Austrian company Supernova, which bought the six Cora hypermarkets in Romania (Bucharest – Cora Alexandriei, Cora Lujerului and Cora Pantelimon, Bacău – Cora Bacău, Constanța – Cora Brătianu and Drobeta – Cora Drobeta – Turnu Severin), as well as the adjacent commercial galleries.
The retailer does not sell its core business, but will continue to operate cora hypermarkets. The sale & lease back transaction with the Supernova group, provides for the acquisition of the property right over the “walls” of the shopping centers within which the cora hypermarkets operate in a tenant-anchor system.
