CHARIOT TOP GROUP B.V.

In January 2018, Chariot Top Group B.V., via its associated company Chariot Group B.V., acquired a portfolio of 28 real estate assets from ARES/AXA/APOLLO RIDA, consisting of 9 M1 shopping centres, 12 hypermarkets, 4 Power Parks and 3 stand-alone DIY stores. The portfolio had a total GLA of ca. 704,000 sqm.

The acquisition was partially financed with ca. EUR 635 million bank debt from HSBC.

At the same time, Chariot managed to sign the PSPA for disposal of a substantial part of the portfolio - consisting of 8 M1 shopping centres and 4 Power Parks to EPP. The deal with EPP was divided into three tranches and was completed in March 2021. The investment strategy of Chariot is to provide long-term, stable returns on income-producing assets to shareholders.

 

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