Israeli-backed property investor Delek Global Real Estate (DGRE) has bought 12 supermarkets in Germany from retailer Metro for EUR 243 mln. Under the sale-and-leaseback deal, Metro subsidiary Real will lease 10 of the supermarkets until 2022 and the other two until 2020 and 2021 at an average annual total of EUR 17 mln. The rent will increase 6.7% every five years.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
