The value of the deal remains confidential.
The sale & lease back-type transaction stipulates the acquisition of the ownership right over the “walls” of the shopping centers where the cora hypermarkets operate as anchor tenant.
The six cora hypermarkets associated with the transaction will continue to operate as tenant in the spaces owned by Supernova. Supernova plans to keep the shopping centers in its portfolio and to invest at least EUR40 million in renovating all the spaces acquired. It also plans to expand some of the spaces over the next three-five years.
Following the transaction, the food retail portfolio operated by Romania Hypermarche, the subsidiary of Louis Delhaize, remains unchanged, operating under the form of the ten cora hypermarkets in capital Bucharest and other cities and towns in Romania.
The agreement with Louis Delhaize Group is the second transaction of Supernova in Romania. In October 2021, Supernova acquired the Jupiter Shopping City in the town of Pitesti.
cora Romania, part of Louis Delhaize Group, is one of the most dynamic retail brands on the Romanian market. Present in Romania since 2003, the brand currently operates ten hypermarkets in capital Bucharest and in other large cities, as well as the cora Urban convenience stores and the e-commerce platform cora.ro selling more than 40,000 products.