Sonae RP has already made 230 million euros in sales & leaseback in 2016

In the first nine months of 2016, Sonae RP, real estate retail unit of the Sonae group, made 230 million euros from its sales & leaseback operations in Portugal.

Three operations are on the books: the sale of the Douro portfolio (12 supermarkets) to M&G Real Estate in January, for 164 million euros; the sale of a portfolio of four supermarkets to Aberdeen in April, for 40 million euros and, finally, a third, smaller operation, whose details have yet to be revealed, worth 36 million euros.

This information was released in a statement by Sonae SGPS, where it is further revealed that these three operations have generated capital profits worth approximately 63 million euros for its real estate retail unit.

At the end of the third trimester of 2016, Sonae RP was the holder of a portfolio of real estate assets estimated at 909 million euros.