German real estate investment manager Patrizia has acquired 24 newly developed Lidl supermarkets across southern Europe for an undisclosed sum. The portfolio comprises ten outlets in Italy, eight in Spain and six in France, covering approximately 50,000m2. All properties are leased to Lidl under long-term, inflation-linked agreements. The acquisition expands Patrizia’s European retail property portfolio, currently valued at approximately EUR4.2 billion. (Patrizia)