Friday, December 22, 2006

Auto-Teile-Unger Closes Sale Leaseback of 23 Auto Parts and Service Centers in Germany

Europe Real Estate - December 21, 2006

IXIS Capital Partners has advised its Captiva Capital Partners II fund for the acquisition of a portfolio of 23 automotive retail and repair service outlets located throughout Germany from A.T.U Auto-Teile-Unger (A.T.U) in a sale & leaseback transaction. All properties are located in retail parks or commercial areas and have been constructed in the last 18 months. A.T.U has leased back the properties on a 15-year term.

IXIS Capital Partners have also closed a framework agreement with A.T.U to acquire the company’s retail and repair service outlets planned for development in Germany over the next two years, as part of A.T.U’s expansion strategy for the national market.

Karsten Engel, CEO of A.T.U, commented: “A.T.U is a unique success story in Germany in the independent automotive aftersales market. With its high-quality full service offer at particularly favourable prices, A.T.U meets the needs of today’s car owners in Germany and across Europe. We are now on track with our European expansion strategy.” A.T.U currently operates 3 stores in the Czech Republic, 2 stores in The Netherlands and 19 stores in Austria. Soon, store openings in Italy and Switzerland will follow. Sphere: Related Content

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