PSA Peugeot Citroën agrees GBP29.9m sale and leaseback with CBRE Global Investors
PSA Peugeot Citroën, through its UK subsidiaries Peugeot Motor Company and Citroën UK, has sold in a sale-leaseback deal nine of its core UK real estate assets for GBP29.9m to CBRE Global Investors on behalf of five clients.
The portfolio is made up of car showrooms located throughout the UK. The lease duration is approximately 15 years.
This deal occurs within the programme of real estate assets disposals announced by the French car manufacturer last February.
In this transaction, Societe Generale Corporate & Investment Banking and Wragge & Co acted as advisers to PSA Peugeot Citroën. Osborne Clarke and Griffiths Eccles advised CBRE Global Investors.