Gide, counsel to Casino Group on finalising the disposal of 67 Monoprix real estate assets for EUR 742 million
Gide has advised Casino Group on the final disposal of a portfolio of 67 Monoprix real estate assets, for an overall amount of 742 million euros.
Following the synallagmatic agreements signed on 28 September and 17 October 2018, Casino Group has just announced it has finalised, with groups Generali and AG2R La Mondiale, the disposal operations on respectively 53 and 14 Monoprix real estate assets. After deducting registration fees, the net worth of these transactions is 742 million euros, for an annual rent payable by Casino of 35.4 million euros.