Cushman & Wakefield advises on the sale of 27 of EROSKI group's supermarket properties

Jenny Pizarro • 03/11/2020

EROSKI and the international fund WP CAREY, have signed this morning the sale and purchase of twenty-seven supermarket properties of the distribution group, which will continue with their normal activity on a rental basis.

The portfolio has a total area of 45,000 square meters and the operation amounts to approximately 85.5 million euros. Of the twenty-seven assets, fourteen establishments are located in the Basque Country, nine stores are located in the Balearic Islands, three in Navarra and one in Cantabria.

The transaction consisted of a Sale & Leaseback operation, with EROSKI continuing to carry out its activity in these locations until at least 2040.

"This transaction does not only reflect the significant interest that currently exists for supermarkets amongst investors but also the confidence in the EROSKI brand and their financial standing. This is an important deal for the market, not only for the price achieved but also the speed with which it was closed. These are all mission critical locations for EROSKI and also sought after in the sector.” said Yola Camacho, Partner, Retail Investment in Cushman & Wakefield 

"This operation highlights the interest that EROSKI arouses in the financial market and demonstrates confidence in the soundness of our business project," explained EROSKI's Chief Financial Officer, José Ramón Anduaga.

“We are delighted to be able to work once again with EROSKI to be able to monetize this portfolio of high quality assets. We are a long-term investor who is always looking for the opportunity to support our tenants through deals like the one we are announcing, ” said Christopher Mertlitz, Chief Investment Officer of W. P. Carey.

Cushman & Wakefield and DJV lawyers have been commissioned to advise EROSKI and Linklaters attorneys and Advisian by WP Carey.


Jenny Pizarro
Jenny Pizarro

Partner, Head of Business Development • Barcelona


e-commerce (image)

Even before the pandemic, consumers were increasingly using e-commerce, but since the State of Alarm was declared, e-commerce has become even stronger. According to a study by real estate consultancy Cushman & Wakefield, the total volume of e-commerce sales during the second quarter of 2020 - the first quarter really marked by the pandemic and home confinement - showed an increase of 0.2% compared to the same period in 2019.


Jenny Pizarro • 25/05/2021

Physical Fashion Retailing Lives On
IRO opens its first shop in Barcelona and leases premises in Paseo de Gracia

IRO increases its presence in the Spanish market. The Parisian company specialising in fashion is raising the shutters on its first shop in Barcelona. IRO will be located at number 100 on one of the city's main shopping streets, Paseo de Gracia. 

Jenny Pizarro • 20/05/2021

2020 Q1 Sweden Office Snapshot 750x456
Back to offices with the end of the state of emergency? Offices could remain only 30 per cent occupied until after the summer

After the lifting of the state of exception on 9 May, offices will continue to be occupied at 20% or 30%, as at present, and it will not be until after the summer that companies will order a generalised return. It will then be when the great structural change in the sector will begin with flexibility policies that did not exist before.

Jenny Pizarro • 19/04/2021

MORE Insight

New Perspectives (image)
Research • Topical Report

New Perspective: From Pandemic to Performance

As a global leader in the commercial real estate (CRE) industry, Cushman & Wakefield offers clients a new perspective on COVID-19’s impact on CRE and beyond, preparing them for what’s next.
10 key learnings (image)
Research • Workplace

10 Key Learnings and What They Mean for Real Estate

It’s likely a fool’s errand to try to wrap all the complexities, shifts, challenges and surprises of 2020 into a meaningful summary. However, throughout the year, our team did uncover and analyze major trends and key learnings that emerged for the real estate industry.
Kevin Thorpe • 02/03/2021
Global MarketBeat Report Map
MarketBeat • Insights

Spain Marketbeats

Cushman & Wakefield MarketBeat reports analyse quarterly Spain commercial property activity across office, retail and industrial real estate sectors including supply, demand and pricing trends at the market and submarket levels..
Marta Esclapés • 23/04/2021


Get in touch with one of our professionals.