RETAIL: W.P. Carey “Sell-Leaseback” 8 Agrokor Konzum Stores

The U.S. real estate investment trust W.P. Carey purchased 8 of Agrokor’s Konzum supermarkets in Croatia, worth a reported €34.6 million. The Konzum supermarkets which the American company purchased are located in Zagreb and surrounding areas. W.P. Carey has leased back the stores to Agrokor.  This is the fourth ‘sale-leaseback’ deal between the two in the last three years. Ivica Todoric, Founder and President of Agrokor, said that Agrokor now closed four long term financings with W. P. Carey totaling €192 million…

See more