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6 Spanish hypermarkets selling for €105M

Specialist asset manager Intermediate Capital Group PLC is acquiring six hypermarkets in the Basque region of Spain from supermarket chain Eroski for €105 million, IPE Real Assets reported.

In partnership with Eroski's 45%-owned real estate company, Inmobiliaria Armuco, the U.K.-based company is buying five hypermarkets. Intermediate Capital Group is purchasing the sixth hypermarket, which is 100% owned by Eroski, in a sale and leaseback deal, according to the May 30 report.