Ascencio, an SJE Group investment, and Grand Frais, its tenant, have reached an agreement to renew the leases for 13 large scale supermarkets across Belgium for 9 years up to 2027/2028.
Our Belgium portfolio includes 18 Grand Frais supermarkets in total, primarily located in Bourgogne and Rhône-Alpes.
Grand Frais, a brand which specialises in selling high quality fresh products, was voted the French people’s favourite brand in 2018.
Grand Frais is implementing a food concept in supermarkets with a surface area of around 1000m2, focusing on 5 product ranges: fruits and vegetables, a dairy, a fishmonger’s, as well as a butcher’s shop and a grocery.
The SJE Group congratulates Vincent Querton and the entire Executive at Ascencio.