German property developer Ratisbona has sold two hypermarkets in Portugal for an undisclosed amount. The transaction, brokered by Jones Lang LaSalle Portugal, is one of the first property investment deals so far this year in the country. The assets, which are leased to the Grupo Jerónimo Martins under the Pingo Doce brand with a 10-year rental term, were sold to an unnamed Portuguese investor. They are located in Alenquer and Reguengos and provides some 3,000 m[sup]2[/sup] of retail space.
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