French grocery retailer Carrefour plans to sell 11 hypermarkets and real estate assets in southern Italy, as well as 17 cash & carry centres in northern Italy, according to an article in the financial paper Il Sole 24 Ore. The deal is said to be worth more than EUR 1 bn. The properties provide 90,000 m[sup]2[/sup] of gross lettable area.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
