20 April 2016 – Aguirre Newman
The fund manager Meridia Capital Partners has acquired a 2,270 m2 supermarket, leased by Mercadona, in the city of Terrassa, in a deal advised by Aguirre Newman.
The purchase has been carried out through its real estate vehicle Meridia II, which now owns a portfolio of more than 20 supermarkets. Through this operation, Meridia seeks to increase its exposure to the retail sector. Mercadona closed 2015 as the leader of the consumer goods distribution sector, with a market share of 22.7% and a net profit of €611 million, up by 12% compared with 2014.
In 2016, Mercadona plans to invest approximately €650 million, which will be allocated mainly to the opening of 60 new stores, the refurbishment of 35 supermarkets, the continued drive for technological change and the on-going construction of its logistics plants in Abrera (Barcelona) and Vitoria-Gasteiz.
Original story: Aguirre Newman
Translation: Carmel Drake