Savills IM acquires supermarket properties in Spain for European food retail strategy
Savills Investment Management, has acquired two new Aldi supermarkets in Spain for its European food retail strategy. The purchase price was not disclosed. The first supermarket in Alzira, Valencia was acquired from developer Ten Brinke at the end of June and comprises around 1,660 square metres of lettable space. The asset benefits from growing local demand for food retail and has leading food retailer Aldi secured as a long-term tenant for the entire space. Eversheds Sutherland, Arcadis, and PwC acted...