UK retailer Sainsbury's has acquired 24 stores from the Co-operative Group for £83 mln (EUR 93.3 mln), with a further £45 mln (EUR 50.6 mln) of fit-out costs being incurred. The 22 Somerfield branded stores and two Co-operative-branded stores in the UK have a net selling area of 22,000 m[sup]2[/sup]. This includes 13 freehold and long leasehold stores comprising 12,000 m[sup]2[/sup].
Pan-European investor Bowery and real estate investor Alba join forces to acquire their first last-mile logistics asset in the Netherlands.
