11 June 2020 – Brainsre.news
The fund specialising in the purchase and subsequent rental of assets has signed an agreement with Mercadona to acquire the 36 supermarkets that the retailer has on the market.
An international fund has closed its first operation in the Spanish real estate market, which is still suffering from the hangover caused by the effects of Covid-19. The fund LCN Capital Partners has signed a pre-agreement with Mercadona to acquire a portfolio of 36 supermarkets, which the company led by Juan Roig put on the market in March, according to sources close to the operation speaking to Brainsre.news.
As this newspaper reported, Mercadona had reached an agreement with an international fund to exclusively negotiate the sale of this portfolio of 36 commercial establishments, spread across 13 autonomous regions, after ruling out various offers from other domestic and international investors.
Original Story: Brainsre.news
Translation/Summary: Carmel Drake