Mercadona places 38 more supermarkets on the market

Mercadona places 38 more supermarkets on the market

The operation should also be a sale and leaseback operation. At the base of this decision, were Mercadona’s portfolio optimisation plan which includes a 12 billion euro investment on its assets until 2023 and the appetite investors have shown for this type of products.

According to newspaper El Confidencial, the supermarket chain will be advised by consultants JLL and Savills Aguirre Newman in this process which will include splitting the assets between 2 different portfolios: one with 6 «state of the art» supermarkets and the other with the remaining 32, which may be refurbished. This operation represents placing a total combined gross area of more than 100.000 sqm on the market.

This operation comes after Mercadona concluded the sale of its 36 supermarket portfolio to fund LCN Capital for around 180 million euro.

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