PATRIZIA has expanded its European food retail portfolio with the acquisition of 24 newly developed Lidl stores across France, Italy and Spain.
The portfolio includes 10 properties in Italy, eight in Spain and six in France, comprising approximately 538,000 square feet of floor area.
The properties are fully leased to Lidl through its local operating companies under long-term, consumer price index–linked leases, providing inflation-linked rental income.
The acquisition expands PATRIZIA’s investment footprint across Southern Europe and builds on its relationship with Lidl and more than 20 years of investment experience in European food retail.
“Food retail continues to offer attractive investment opportunities where the underlying real estate and operator strength support durable income. The sector also benefits from long-term structural trends, including urbanization and the need for well-located essential retail. This portfolio is a strong fit for
