Key Takeaways
- • Israeli fund MDSR acquired a portfolio of 22 Carrefour-operated supermarkets in Spain for €120 million, comprising 11,000 square meters of gross leasable area across Madrid, Barcelona, and other Spanish cities.
- • The transaction, brokered by consultancy firms Savills and JLL advising seller AEW, expands MDSR's retail real estate footprint to 400,000 square meters of gross lettable area leased to food operators across Spain, Italy, and Portugal.
- • Legal representation included Pérez-Llorca advising MDSR Investments and Cuatrecasas advising AEW, with Pérez-Llorca's team led by real estate partner Jesús Varela and banking & finance partner Mónica San Román.
- • The acquisition reflects MDSR's strategic consolidation of hypermarket and supermarket assets in Southern Europe, marking a material expansion of its food retail portfolio within the region.
Summary
Israeli fund MDSR Investments has completed the acquisition of a 22-property supermarket portfolio previously owned and managed by AEW, with the assets currently operated under the Carrefour banner. The transaction valued at €120 million represents a significant expansion of MDSR's European retail real estate holdings.
The portfolio encompasses retail space located across major Spanish markets, including Madrid and Barcelona, along with additional locations throughout the country. The properties total 11,000 square meters of gross leasable area and are currently leased to Carrefour for food retail operations. Real estate advisory firms Savills and JLL managed the sale process on behalf of AEW, providing institutional-grade transaction advisory services to the seller.
Following the completion of this acquisition, MDSR's aggregate gross lettable area leased to food operators across Southern Europe now totals 400,000 square meters, spanning operations in Spain, Italy, and Portugal. This metric underscores the fund's positioning as a substantial institutional investor in the Iberian and Mediterranean food retail real estate markets.
The transaction was supported by specialized legal counsel. Pérez-Llorca served as legal advisor to MDSR Investments, with its team led by real estate partner Jesús Varela and banking & finance partner Mónica San Román, alongside real estate specialists Nuria García, Gabriela Ruiz-Gallardón, and Reyes de Carlos. Cuatrecasas provided legal advisory services to AEW on the divestiture.
The portfolio encompasses retail space located across major Spanish markets, including Madrid and Barcelona, along with additional locations throughout the country. The properties total 11,000 square meters of gross leasable area and are currently leased to Carrefour for food retail operations. Real estate advisory firms Savills and JLL managed the sale process on behalf of AEW, providing institutional-grade transaction advisory services to the seller.
Following the completion of this acquisition, MDSR's aggregate gross lettable area leased to food operators across Southern Europe now totals 400,000 square meters, spanning operations in Spain, Italy, and Portugal. This metric underscores the fund's positioning as a substantial institutional investor in the Iberian and Mediterranean food retail real estate markets.
The transaction was supported by specialized legal counsel. Pérez-Llorca served as legal advisor to MDSR Investments, with its team led by real estate partner Jesús Varela and banking & finance partner Mónica San Román, alongside real estate specialists Nuria García, Gabriela Ruiz-Gallardón, and Reyes de Carlos. Cuatrecasas provided legal advisory services to AEW on the divestiture.
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