TLG sells 15 supermarkets in the country
TLG Immobilien is selling a portfolio of 15 supermarkets in Saxony, Saxony-Anhalt, and Thuringia for about €20mn. The purchase contract has been signed; Jenacon supported the deal as transaction adviser. Transfer of ownership is to occur during Q1 of 2019. The 15 properties are not a match for the strategic portfolio because of their decentral locations in some very rural regions, TLG explains the sale. Tenants are Netto and Penny, and the markets are located in Breitungen/Werra, Biederitz, and Thum, among other locations.
Subscribers to our premium service have access to this article in full as well as to an additional 510,000+ news items: all filterable by topic, company, asset class, city or keyword. In TD Premium you can search for investment deals, leases, current project developments and company news with pinpoint accuracy.
TD Premium is Germany’s leading property information tool that interconnects news, transactions, project data, market and company information in a unique and flexible system.