Makro attempts sale and leaseback of Prague stores

Makro attempts sale and leaseback of Prague stores

Published at: 2019-05-15 10:40 | Author: CIJEurope.com
The Czech chain of Makro stores is preparing for a sale and lease back of its three Prague stores, according to idnes.cz. The retailer has put the Makro stores in Stodulky, Čestlice and Černý Most into an SVP called Trinity Partners which is owned by the Metro group. The company says the reason it's willing to sell the properties at the top of the market is to enable it to concentrate on its core business of selling gooeds. The company recorded sales of nearly CZK 28n last year, with profits of CZK 606m. In all, Makro owns 13 stores around the country including the land around them. But the company was unwilling to provide further information on the sale of the three Prague stores.

Similar Stories:

New shopping center to open in August in eastern Bosnia
The public company Elektrodistribucija Pale together with the company Zvornicanka will ope  »
Czechs still like to shop in shopping centres. Turnover and footfall are growing
According to the CBRE Shopping Centre Index study, which has been compiled for the seventh  »
Konzum continue expansion in Bosnia
Bosnia & Herzegovina  ♦  Konzum continue expansion in Bosnia
The leading Bosnian retailer Konzum has opened two new stores and continues to expand its  »
RWS Investment Group expanding Babice Nowe retail park
RWS Investment Group has started building the second stage of a retail park located at War  »
When it comes to the development of smartphone apps for the retail sector, most of the act   »
Rumors that Tesco is on the way out of Poland are certainly nothing new, but another Briti   »
You’ve been expanding your portfolio as quickly as possible. How are you using the incre   »
In a deal that’s reportedly still being finalized, Jeronimo Martins and Auchan will take   »