Casino Group has sold commercial real estate assets worth over €200 million to Tikehau Capital.

The French retailer said the sale consists of 26 sites which include hypermarkets and other supermarket buildings leased to the Group.

These include outlets of Carrefour, Auchan and Intermarché as well as ancillary lots within these real estate complexes, some of which offer real estate development potential.

In July 2024, Tikehau Capital agreed to purchase 30 real estate assets, with Casino saying the sale of the remaining assets will be finalised in the coming weeks.

Tikehau Capital has entrusted the Casino Group with the property management of these assets for a period of five years.

The Casino Group said the net proceeds from the sale will be used to reduce its financial debt and allow a repayment of €206 million to bondholders of its subsidiary Quatrim.

Earlier this month, the Casino Group announced changes to its leadership team to help implement its transformation plan.

Philippe Palazzi will take on the role of chairman at organic health food chain Naturalia in addition to his current role as chairman of Monoprix while Alfred Hawawini has been appointed chief executive officer of Monoprix.

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