GE sub acquires French casinos.GE Real Estate Central Europe Central Europe is the region lying between the variously and vaguely defined areas of Eastern and Western Europe. In addition, Northern, Southern and Southeastern Europe may variously delimit or overlap into Central Europe. announces the acquisition of a portfolio of 16 hypermarkets, with attached retail space from the French hypermarket hy·per·mar·ket n. A very large commercial establishment that is a combination of a department store and a supermarket. hypermarket Noun a huge self-service store [translation of French operator Groupe Casino Groupe Casino (or Casino Guichard Perrachon) (Euronext: CO) is a large French multinational corporation, formerly part of the CAC 40 index, whose main business is with retail and distribution in hyper and supermarket. for *555 million. GE already owns a further nine galleries which it acquired in a transaction with Casino casino or cassino (both: kəsē`nō). 1 Card game played with a full deck by two to four players. Its origins are obscure though it probably traces back to the Italian game of Scopa. in 2003. Simultaneous to the transaction, Casino is disposing of its Geant hypermarket business throughout Poland to Metro Group and disposing of the Polish operations of its Leader Price supermarket chain to Tesco. GE has agreed 10 year leases on each of the 16 hypermarkets. The portfolio comprises a total gross lettable area of 339,686 sq m, of which 319,058 sq m comprises hypermarket space and 20,628 sq m is retail gallery space. |
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