LeadCrest Capital Partners, the first European fund 100 percent dedicated to sale-leaseback and build-to-suit investments, announced the acquisition of a €70 million ($83 million) portfolio of six food supermarkets and the forward purchase of a seventh asset, totaling 33,500 square meters (360,600 square feet), and triple-net leased to Monoprix Exploitation and Distribution Casino France, two wholly owned subsidiaries of Casino Guichard-Perrachon.
“The newly formed partnership with the Casino Group is perfectly aligned with our company’s strategy to offer an alternative financing solution to companies who seek growth via innovation in a resilient market,” said Georges Asmar, portfolio manager at LeadCrest Capital Partners. “We value this transaction as a case study for the European retail industry that qualifies sale-leaseback today as an effective post COVID financing alternative for our partners. The food retail sector has proven to be one strategic pillar for Lea
