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Carrefour Brasil in talks with Barzel Properties over $260 million deal

Published by Uma Rajagopal

Posted on May 12, 2023

1 min read

· Last updated: February 1, 2026

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Carrefour Brasil logo on shopping trolleys reflecting its M&A deal with Barzel Properties - Global Banking & Finance Review
Image of Carrefour's logo on shopping trolleys, symbolizing the company's strategic move in negotiating a $260 million deal with Barzel Properties for distribution centers and stores in Brazil.
retail trade Real estate investment property management financial transactions
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SAO PAULO (Reuters) – Carrefour Brasil said on Thursday it has entered into exclusive talks with Barzel Properties for the sale of five distribution centers and five stores for 1.3 billion reais ($259.83 million). In a securities filing, the Brazilian arm of French retailer Carrefour SA said the properties will be leased back under 20-year […]

SAO PAULO (Reuters) – Carrefour Brasil said on Thursday it has entered into exclusive talks with Barzel Properties for the sale of five distribution centers and five stores for 1.3 billion reais ($259.83 million).

In a securities filing, the Brazilian arm of French retailer Carrefour SA said the properties will be leased back under 20-year lease agreements, which are renewable for additional 5-year terms.

Rent expenses related to these properties will be around 10 million reais per month, it added.

($1 = 5.0033 reais)

(Reporting by Carolina Pulice and Peter Frontini; Editing by David Alire Garcia)

Frequently Asked Questions

What is a distribution center?
A distribution center is a specialized facility used to store and distribute products to retailers or customers. It plays a crucial role in the supply chain by ensuring efficient inventory management and timely delivery.
What is property management?
Property management involves overseeing and managing real estate properties on behalf of the owner. This includes tasks like maintenance, tenant relations, rent collection, and ensuring compliance with laws and regulations.
What is an investment?
An investment is an asset or item acquired with the goal of generating income or appreciation. Investments can include stocks, bonds, real estate, or other financial instruments.
What is a securities filing?
A securities filing is a formal submission of documents to regulatory authorities, such as the SEC, that disclose important information about a company's financial status, operations, and securities offerings.

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