Press Releases

SCP press releases

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Latest Press Releases

x+bricks acquires portfolio with 120 grocery-anchored properties – portfolio value increases to around EUR 1 billion

Acquisition volume of over EUR 500 million One of the largest portfolio transactions of grocery-anchored properties in Germany Property portfolio increases to a total of 220 assets Frankfurt, June 29, 2020 – The x+bricks Group (“x+bricks”) has signed a contract with TLG Immobilien AG for the acquisition of 120 grocery-anchored properties. The acquisition volume amounts […]

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SCP Group successfully completes acquisition of Real

Luxembourg, 25 June 2020 – The SCP Group has successfully completed the acquisition of the operational business of Real. As of today, the SCP Group is the sole owner of Real’s retail business, the digital business including the online marketplace real.de and all of Real’s affiliated companies. All of the approximately 34,000 employees will maintain […]

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Investment firm SCP Group acquires Real from METRO AG

SCP Group entered into an agreement with METRO AG to acquire 100% of Real consisting of stationary hypermarket and digital business, 80 properties and affiliated companies In order to reposition the real estate properties SCP Group will partner with x+bricks Group, a German investor focusing on food-anchored real estate In the long run, majority of […]

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METRO and a consortium consisting of the SCP Group S.à.r.l. and x+bricks enter into a Memorandum of Understanding and exclusive negotiations relating to the sale of Real hypermarkets

METRO AG and the retail real estate consortium consisting of the SCP Group S.à.r.l. and x+bricks have entered into exclusive negotiations and a Memorandum of Understanding (MoU) relating to the sale of the Real hypermarket business. Both parties aim to conclude the negotiations by 31 January 2020 with the signing of the transaction. The consortium […]

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The consortium around x+bricks and SCP Group today announced it has made a further improved offer to METRO AG for the complete acquisition of its hypermarket business Real

From the consortium’s perspective already superior initial offer for Real’s operating business and real estate has improved. Now, it is delivering total cash proceeds to METRO AG significantly above EUR 0.5 billion. Kaufland, a member of Europe’s largest retailer Schwarz Group, as exclusive strategic partner of the consortium fully supports the offer. From the consortium’s […]

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