Tikehau Capital completed the acquisition of a supermarket portfolio of five properties from Unicoop Tirreno for €37m.

Tikehau Capital, an alternative asset manager, completed the acquisition of a supermarket portfolio of five properties from Unicoop Tirreno, a grocery operator, for €37m. “We are very pleased with this acquisition, which consists of mission critical assets for the Unicoop Tirreno distribution back-bone, located across key tourist hubs and providing trading performances well in excess of the Italian average. We believe in having exposure to high-quality daily needs-based real estate retail, which has proven to be a stable and defensive asset class with a positive growth outlook in the long term,” Edoardo Crotta,Tikehau Capital Executive Director Real Estate.