IReit Global has, through its wholly owned subsidiary Fit 2, entered into a conditional sale agreement to acquire Decathlon's properties in France for €110.5 million (S$176.8 million).

The portfolio comprises 27 retail properties with a gross lettable area of 95,477 sq m.

Upon completion, all properties will be leased back to the sporting goods retailer. The deal comprises a committed occupancy of 100 per cent with weighted average lease expiry by gross rental income of 10 years, said the manager on Wednesday.