Kryalos-backed Polvanera to acquire 5 Cash & Carry Docks of Carrefour for €44m.

Kryalos-backed Polvanera, a real estate alternative investment fund, agreed to acquire 5 Cash & Carry Docks of Carrefour, a French group in the large distribution sector, for €44m ($48m). "This important operation confirms, even in a difficult market phase, our focus on the Italian commercial market which presents interesting return opportunities. In addition, the properties purchased in line with the fund's investment strategy Polvanera, are instrumental and strategic assets for the business of the tenant , as confirmed by the duration of the lease contracts in place," Paolo Bottelli, Kryalos CEO.