Mercadona Puts 36 Supermarkets up for Sale for €200M

Mercadona has put a portfolio of 36 supermarkets on the market. The properties are located all over Spain and are expected to be sold for around €200 million in total. The Valencia-based group is hereby seeking to reduce its portfolio of real estate assets in Spain, as confirmed by the company speaking to idealista/news.

Mercadona is going to continue operating all of these establishments for a few years but on a rental basis. “The reason is that we currently have a significant number of owned properties, as a result of investments made in the acquisition of land and premises in recent years, but now we have decided to exchange bricks for euros in order to accelerate the ‘major’ transformation that Mercadona is immersed in, using our own funds”, explain sources at the group.

 

Original Story:

Translation/Summary: Carmel Drake

221