Drooms Supports EUR 250 million METRO Transaction for 11 Wholesale Markets in Central Europe
19. September 2019
London, 19 September 2019 – Drooms, the independent service provider of digital transaction and portfolio data rooms, has supported a sale-and-leaseback transaction by METRO AG involving a portfolio of assets in Central Europe worth more than EUR 250 million.
METRO PROPERTIES, the real estate arm of the wholesale and food products specialist, has sold a commercial portfolio of 11 wholesale markets in Poland, Hungary and the Czech Republic. The assets were purchased by FLE GmbH Vienna, a subsidiary of the French LFPI Group, which makes investments on behalf of a regulated alternative investment fund. METRO and MAKRO Cash & Carry will operate as long-term anchor tenants.
“In Drooms we found a suitable partner to provide our investors with structured and efficient due diligence processes that simplified the sales process considerably,” said Wolfgang Baumgartinger, Corporate Director, Real Estate Transactions at METRO PROPERTIES.
Alexandre Grellier, Chief Executive and Co-founder of Drooms, added: “The speed and transparency of our product supported our clients with document exchange during the buying and selling process. “Our use of Artificial Intelligence enables us to carry out advance analysis to assess the risks and opportunities presented by a deal. At the same time, we are able to map and record the intensive Q&A process simply and directly.”