SOME two years after IReit Global : UD1U 0% snagged a portfolio of assets from sporting goods giant Decathlon in a sale-and-leaseback transaction, the Europe-focused real estate investment trust (Reit) is looking to add a new blue-chip tenant via another acquisition.

The manager of IReit Global announced on Thursday (Jun 1) that it is planning to acquire a portfolio of 17 retail properties in France for about 76.8 million euros (S$112.2 million).

The portfolio of out-of-town retail parks are fully leased to a wholly-owned subsidiary of B&M Group, a leading discount retailer in Europe that is listed on the London Stock Exchange and a constituent of the FTSE 100 index.