The European sale-and-leaseback market has another player. FIDAC, the UK-based subsidiary of US REIT Annaly Capital Management, recently announced it had hired Northcliffe’s entire management team for a planned pan-European sale-and-leaseback surge. Citing a potential $4trn (€2.9trn) market, Northcliffe managing partner Alistair Calvert announced the imminent “largest expansion of sale-and-leaseback ...
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