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.
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