PropertyEU - January 9, 2008
Italy's furniture store chain Emmelunga has sold five of its stores in a sale-and-lease back deal with Mercurio Retail Properties for around EUR 50 mln. The stores, which are located in Italy's Tuscany and Lazio regions, represent the first acquisition made by Mercurio Retail Properties, a fund managed by CB Richard Ellis Investors. The fund is dedicated to institutional investors and is invested by Natixis' Captiva Capital Partners III.
Law firm Freshfields advised Natixis; Vichi Salesia Fagiolini & Associates acted for Emmelunga.
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