Sunday, September 27, 2020
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Supermarket Sales Boom as Lar, Eroski and Mercadona Search for Buyers

Large chains and real estate companies are putting important portfolios of supermarkets on the market, which will allow annual investment to increase by more than 400 million euros in 2020.

The coronavirus pandemic has turned a classic real estate asset into a safe haven investment for large and small buyers alike: supermarkets. During a period when practically every tenant is facing difficulties when it comes to paying the rent, supermarkets have not only seen their business not decline, they have actually increased their sales during this crisis period.

And the situation has not gone unnoticed by investors, be they large institutional funds or private estates: requests for information to invest in these assets has been increasing considerably. “Supermarkets have been bought and sold in Spain for a long time. It started with Eroski, selling assets to overcome its financial problems, to various several investors who, in turn, have sold them on. That was the beginning of the sale & leaseback operations, which Dia also carried out, placing its portfolio with mostly private investors”, says Rafael Paz, Director of Colliers’ office in Valencia.

Read the full article in Spanish.


The Details of the 102 Residential Plots Being Sold by the Community of Madrid

The regional government is going to put 240 publicly owned plots up for sale, of which 102 are for residential use. The jewel in the crown is a plot spanning more than 32,000 m2 in the heart of the Salamanca district.

How Covid is Affecting House Prices: Map of the Decreases by District

The coronavirus crisis is causing house price decreases of up to 70% in some municipalities in Castilla La-Mancha, the Community of Valencia and Andalucía.

Property Developers Launch Large Urbanisations Post-Pandemic

Between April and August, work began on 996 developments in Spain with the ten largest comprising 1,691 homes. Of those ten, which are located in Madrid, the Basque Country, the Community of Valencia and Andalucía, four are being built by Amenabar.

Fearless Despite the Crisis: Property Developers Start Work on More than 27,000 New Homes Since April

Between April and August, work began on a total of 996 developments and 27,882 homes in Spain, according to data from the real estate big data platform Brains RE, with Amenabar, Habitat and Aedas the most active players.

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