A fund advised by the investment and asset manager Captiva has purchased a 23-location real estate portfolio on long-term lease to the EDEKA group from the South African investment company MAS Real Estate Inc.
The so-called Footprint portfolio comprises nine modern EDEKA supermarkets, seven NP discount stores as well as seven Edeka Cash & Carry stores located in Berlin (2x), Potsdam, Wiesbaden, Magdeburg, Wilhelmshaven and Soltau. It has a total renting area of around 71,000 sqm. The transaction volume amounts to approximately 100 million euros. Closing is to be expected in the first quarter of 2021.