The Business Times
business-time-50

IReit Global to acquire Decathlon properties in France for 110.5m euros

google-preferred-sourceAdd BT as a preferred source

Lisa Kriwangko

Published Wed, Apr 28, 2021 · 02:18 AM

    IREIT Global has, through its wholly-owned subsidiary Fit 2, entered into a conditional sale agreement to acquire Decathlon's properties in France for 110.5 million euros (S$176.8 million).

    The portfolio comprises 27 retail properties with a gross lettable area of 95,477 square metres.

    Upon completion, all properties will be leased-back to the sporting goods retailer. The deal comprises a committed occupancy of 100 per cent with weighted average lease expiry by gross rental income of 10 years, and an option to break after six years, said the manager on Wednesday.

    S-ReitsM&A

    TRENDING NOW

    The new vehicles will comprise a mix of fully electric and hybrid models, including the BYD Seal 6 DM-i.

    ComfortDelGro’s Zig to buy S$10 million worth of BYD cars for private-hire fleet

    On Wednesday (Aug 19), the 79-year-old stepped down as chairman of the National Wages Council with immediate effect for “personal reasons”.

    From sales executive to DBS chairman: A look at banking veteran Peter Seah’s career

    When BT visited the Japan Home outlet at Westgate on Wednesday, it was engaged in a two-day “stocktaking exercise”.

    Japan Home licenses Singapore retail stores to Valu$ owner Radha Exports

    When BT visited the Japan Home outlet at Eastpoint Mall in Simei on Tuesday, it was conducting stocktaking.

    Japan Home closing outlets; staff say Valu$ taking over operations

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More