X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

HUNGARY-W.P. Carey is engaging in its first Hungarian sale-leaseback with local Tesco plc. The investment firm is providing €63 million, or $90 million, in long-term financing for a sale-leaseback of Tesco’s Hungarian logistics portfolio.

Tesco has been attempting to “release value from its property portfolio” according to a release. The third largest retailer in the world, Tesco is a British supermarket chain with 4,300 stores worldwide.

Reports say the Tesco has roughly 101 stores in Hungary. Tesco was repped by Cushman & Wakefield in the transaction. W.P. Carey was advised by King Sturge.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.