Cases & Deals

LaSalle Investment Management acquires six Makro strategic cash and carry stores in Spain from Metro AG

Clients Jones Lang LaSalle Incorporated

Jones Day advised LaSalle Investment Management in connection with the acquisition of a portfolio of six cash and carry stores of MAKRO Spain from METRO PROPERTIES, the real estate company of METRO AG, as part of a sale-and-lease-back transaction. The portfolio was acquired on behalf of French public service pension scheme ERAFP for €73 million. Following the transaction, MAKRO Spain will remain the sole tenant of all six assets with a 15-year fixed lease term with extension options.