Metro sells 9 stores in Romania

by   CIJ News iDesk III
2020-11-04   09:23
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The German Metro group has put up for sale 9 stores in Romania, with a long-term rental guarantee, following the model already tested last year in Poland, Hungary and the Czech Republic. The local offer is valued at over Eur 100 mil.

"In order to increase the degree of competitiveness and efficiency and to ensure the consolidation of the business, Metro initiated a Sale & Leaseback approach (sale of properties owned with subsequent long-term leasing). In the current context, in which the real estate markets remain solid, through this initiative, the company maximizes its strong operational position, ensuring the necessary liquidity for new investments in the commercial area, but also the development of strategic projects for the company and customers ", said company representatives. The retailer currently owns 32 stores locally in 24 cities.