Watson Farley & Williams advised a syndicate of banks involved in the matter.
Banco Santander S.A., Banco Bilbao Vizcaya Argentaria S.A., Bankinter S.A. and Banco Pichincha de España S.A. acted as lenders on a loan granted to Israeli fund MDSR Investments Ltd (“MDSR”), via its subsidiaries Aldton Invest S.L.U., Duncanhill S.L.U. and Dantrell Invest S.L.U. for the sale and leaseback acquisition of a portfolio of 27 supermarkets from leading Spanish supermarket chain Mercadona.
MDSR has a strong focus on the Spanish retail market, in which it has been active since 2017. With an existing portfolio of 63 assets, it plans to continue to consolidate and expand its footprint in Spain.
Mercadona is Spain’s leading family-owned supermarket chain, with 1,636 outlets spanning all of Spain’s autonomous communities, as well as Ceuta, Melilla and northern Portugal.
The WFW Madrid Real Estate team advising the lenders was led by Partner Pablo San Gil (Picture), working closely with Senior Associate Ignacio Cacho.
Law Firms: Watson Farley & Williams;