Decathlon needs no introduction and its regular shoppers should be familiar with brands like Quecha for value-for-money backpacks for hiking and Kalenji for running. Cyclists too make a beeline to Decathlon for its bikes, tights and shoes.

Now IREIT Global, a modest-sized REIT with assets of around EUR720 million ($1.15 billion) will get a boost to EUR833 million in assets by acquiring 27 of Decathlon’s “out of town” stores in France. These stores are like big boxes, sitting in large pieces of land.

For instance a big box in Vichy, with gross leasable area (GLA) of 3,293 sq m is on an almost 80,000 sq m land area. On average, the stores range from 2,000 sq m to 6,000 sq m of GLA, on freehold sites ranging from 10,000 sq m to 80,000 sq m, with many of them in the 20,000 sq m to 30,000 sq m range.

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