JLL: JLL advises Lidl on a pan-European sale-and-leaseback transaction

JLL advised Lidl on the strategic sale of a portfolio of 24 newly developed supermarkets in France, Italy and Spain to the investment manager Patrizia. The transaction comprises ten properties in Italy, eight in Spain and six in France, with a total retail area of around 50,000 m². All the properties will remain let to Lidl on a long-term basis.

“This transaction demonstrates the ongoing strength of the European food retail investment market, where high-quality properties with strong tenant creditworthiness remain in high demand,” says Sandra Ludwig, Head of Retail Investment EMEA at JLL. “We are delighted to have supported Lidl in achieving its strategic objectives whilst also connecting the company with institutional capital seeking defensive, inflation-protected income streams in core European markets.”