IREIT Global has entered into a conditional sale agreement for the acquisition, via its wholly-owned subsidiary FIT2, of 27 retail properties in France from Decathlon with a gross lettable area (GLA) of 95,477 square meters. They are mostly located around smaller cities. The total agreed price is of around €110.5 million. Upon completion of the transaction, all of the properties will be leased back to the sporting goods retailer through a sale-and-leaseback agreement. The arrangement comes with a committed occupancy of 100 percent and with a weighted average lease expiry of ten years based on gross rental income The acquisition is expected to be completed by the third quarter of 2021.