MDSR Investments announces the acquisition of a portfolio of 9 hypermarkets from a club deal of institutional investors led by Amundi Real Estate

The transaction adds 123,000 square meters to MDSR Investments retail portfolio.

BNP Paribas Real Estate and Cushman & Wakefield have advised Amundi Real Estate throughout the sale process. DLA Piper provided legal advise to the vendor, whilst Pinsent Masons advised the purchaser.

Retail, growing investor interest beyond grocery

The largest transactions within the retail market continue to be on grocery-assets. It is precisely this asset-class that has been strengthened the most during the pandemic.

Since 2020, a large number of supermarket portfolios have been transacted across Europe as a consequence of the resilience demonstrated by the food and large distribution markets, which have had a reduced impact by Covid restrictions over the last 2 years. This resistance is exactly what investors value most, combined with the security of income and sustained rental levels.

The acquisition of the 9 hypermarkets by MDSR is representative and emblematic due to the large volume of the transaction, and because it is the first hypermarket transaction in 2022 - another area within the food market with a strategic position for operators.

Besides the strong interest in food, within the retail sector there is also growing investor demand for retail parks and warehousing, another hot market, as well as in shopping centers, where there is a clear positive trend in sales and footfall that is motivating the return of institutional investors to this asset-class.