Three Metro Cash & Carry properties in Hungary and eight more in the region have been sold

A total of 11 Cash & Carry stores have been sold in Poland, Hungary and the Czech Republic by Metro Properties, a real estate company of Metro AG – portfolio.hu wrote.

The portfolio was acquired by FLE GmbH, a subsidiary of the French LFPI Group, as part of a sale and leaseback transaction. The transaction was finalized in August 2019, with a total value of over 250 million euros. Metro and Makro Cash & Carry continue to operate under their wholesale locations on the basis of long-term leases. (portfolio.hu)