The Mart Cash and Carry chain proceeded with the acquisition of 9 leased stores of its network, according to confirmed information from the ot.gr (Oikonomikos Tachydromos).
The seller is Eurobank, from which the cash and carry chain rented the properties.
These are the stores of Kifissos, the first and largest store of The Mart, Pallini, Patras, Larissa, Volos, Xanthi, Heraklion Crete, Ionia and Egnatia odos motorway, the second largest store of the chain. The last two stores are located in the area of Thessaloniki.
The price of the transaction exceeded 90 million euros, according to information.
In total, the chain network has 12 branches, in addition to the central one in Kifissos Avenue, in Attica.
It is recalled that The Mart was acquired by Sklavenitis on the last day of 2014.
The Sklavenitis family had then given to the Metro Group about 65 million euros.
After the acquisition, in 2015, Grivalia had announced that it buys with sale and leaseback 9 properties of the Cash and Carry chain, with a total area of 100,000 square meters for a price of 60 million euros.
At the same time, the buyer leased these stores to the wholesale chain, owned now by Sklavenitis, for an initial annual rent of 5.7 million euros.
Performance Shipping: Fleet strengthening with the acquisition of a new aframax
Loan agreement to finance the acquisition of the sixth aframax of the Palios family company
Tax evasion: The professionals to whom a fine will be imposed
Fines up to 5,000 euros will be imposed to 15 categories of professionals, in case of non-issuance of receipts
Germans top foreign holiday home buyers in Greece
They buy houses that on average are worth 350,000 euros
How the war in Ukraine affects Greek tourism
What does research show that was presented by the Central Union of Chambers of Greece (KEEE) in collaboration with Palmos Analysis
Εconomist: Top ship owners Marinakis, Frangou join Mike Pompeo in a panel discussion
Watch 26th Annual Economist Gov't Roundtable live
Greek PM addresses EU Parliament: The Greece of 2022 has nothing to do with the Greece of 2015
In his address to the EU Parliament, the Prime Minister's once again highlighted that Greece will be ready to regain investment status by 2023
Economist Intelligence Unit: Greek economy growth in 2022 at 4%
This despite the fact that the Economist Intelligence Unit (EIU), revised its respective estimates for the global and European economy downwards, in the shadow of the war in Ukraine and galloping inflation in food and energy prices
Energy Min.: Electricity subsidy of 0.20 euros/kWh in July for all residences
The cost of the subsidy package stands at 722 million euros
Handelsblatt: European airports in chaos – Not so in Greece
What Greek airports are doing this year in contrast to European hubs
Why a trip to Patmos and Lipsi is the best of Greek island living, Conde Nast asks
A treat for both body and soul, notes the article