The ultimate completion of the transaction was in August 2019, with a total volume exceeding €250 million. METRO and MAKRO Cash & Carry will continue to operate all wholesale assets in the respective locations on the basis of long-term lease contracts. An EBITDA contribution of ~€180 million in the segment “METRO Wholesale Eastern Europe” is expected.
As a result the total EBITDA contribution from real estate transactions for the financial year 2018/19 so far amounts to ~€270 million (including €66 million from 9M 18/19 and ~€20 million from the transaction in Germany, which was announced in April). METRO therefore reached its guidance of an EBITDA contribution from real estate transactions of €250 – 300 million for the financial year 2018/19.
METRO PROPERTIES engages in efficient real estate management along the entire lifecycle of a real estate asset. By applying its comprehensive real estate competence, METRO PROPERTIES actively drives the value of METRO’s real estate. This includes future-oriented investments in relevant locations, their sustainable development and sale-and-leaseback transactions with long-term commitment.