Mercadona is extending its real estate divestment plan. It has just sold 27 of its supermarkets to MDSR Investments for 100 million euros. The food chain will remain as a tenant.
Mercadona’s Director of Investments and Treasury, Marco Tamarit, explains the move: “It is part of the strategy that the company has been implementing since March 2020, when it put another package of shops up for sale, with the aim of exchanging bricks for euros to accelerate the current transformation, which it plans to complete in 2023.”
MDSR Investments has 63 assets in Spain. The head of the investment firm assures that they will continue to focus on the supermarket segment, as they have been doing since 2017.
Savills Aguirre Newman led the transaction. Eversheds Sutherland and CBRE participated on the buying side; and Pinsent Masons on the Mercadona side.