X+Bricks and SCP Group completed the acquisition of Real from Metro for €1bn.

X+Bricks, a property investment manager, and SCP Group, a Luxembourg-based financial investment firm, completed the acquisition of the Real hypermarket chain from Metro, a German multinational wholesale/cash and carry group, for €1bn. The consortium X+bricks and SCP Group outbid Redos to buy the unit. "Today, we have achieved an important milestone that will provide Real locations with the best available economically viable concept for the future. SCP Group and x+bricks Group combine a highly dedicated team with high retail and real estate expertise, the necessary funds as well as a long-term vision for Real and its locations. We are confident to find good individual solutions for most locations depending on local conditions, SCP Group CEO.