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Technical Advisory Team assisted in FLE's pan-European acquisitionSeptember 4, 2019
FLE GmbH acquired from METRO PROPERTIES portfolio of 11 stores located in Poland, Hungary and Czech Republic. This deal was a sale-and-leaseback transaction worth in total over EUR 250 million.
The total portfolio of 11 established properties comprises 5 MAKRO Cash & Carry stores in Poland (Warsaw, Wroclaw, Krakow and Lublin), 3 METRO Cash & Carry properties in Hungary (Budapest) and 3 MAKRO Cash & Carry markets in Czech Republic (Prague).
Avison Young provided FLE GmbH with technical expertise on 5 Poland-based properties, including analysis of their technical condition and preparation of the Red Flag reports. Total GLA of the 5 properties is 96,000 sqm.