As part of the two transactions, MedPower acquired a portfolio that includes 5 open, supermarket-anchored shopping centers in the Philadelphia metropolitan area, in the state of Pennsylvania (80% of the company) and a commercial center in the state of Georgia in the United States (100% of the company). The commercial space leased in Pennsylvania by about 60% and has also expanded to operations in the Southeastern United States, which is another growth engine for the company’s development in the coming years.
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Medipower is steadily expanding its operations in the U.S., as part of which it signed a letter of intent this month to purchase a first property in the Washington metropolitan area for $ 36.5 million, with a current NOI of about $ 2.54 million a year and even earlier announced that it is negotiating a commercial center. In the state of Pennsylvania in the USA, in a total area for rent of about 10,320 square meters, for a total of $ 19.25 million. These transactions join the deal to purchase a commercial center in Connecticut, which was completed in early April, for $ 22.35 million.