Mercadona makes the sale of 27 properties effective for more than 100 million and follows as tenant

Mercadona announced this Monday the sale of 27 properties to MDSR Investments for more than 100 million euros, according to its real estate strategy that will c

Mercadona makes the sale of 27 properties effective for more than 100 million and follows as tenant

Mercadona announced this Monday the sale of 27 properties to MDSR Investments for more than 100 million euros, according to its real estate strategy that will culminate in a couple of years.

The operation, led by the consultancy Savills Aguirre Newman, dates back to July 2020, when the company put a package of shops on sale in which it will continue as a lessee of the property after the sale of it, according to the company in a statement .

The Director of Investment and Treasury of Mercadona, Marco Tamarit, explained that this movement "is part of the strategy that the company has been running since March 2020, when it put another store package, with the aim of changing bricks for Euros to accelerate the brutal transformation in which it is immersed and that it expects to culminate in 2023 ".

Once finished, the company will have invested a total of 10,000 million euros, of which 1,500 million euros is planned this year.

For its part, MDSR Investments manager in Spain, Annalaura Benedetti, stressed that "this operation seeks to reinforce the position of our group in retail segment, and particularly in food, where we have been betting strong since 2017, a sector in which we trust And where we continue to seek opportunities to consolidate our growth. "

Updated Date: 26 July 2021, 05:22

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