Slovenian retail chain Mercator is planning to raise €500m over the next two years through sales and leasebacks of its portfolio of supermarkets and shopping centres.
The company is Slovenia’s top retailer, with a turnover of €3bn per year, and is also a major player in the region. It operates under a number of brand names and also holds local franchises for brands such as InterSport.
The company will use the sale proceeds to reduce debt. The property will be sold in several packages and Mercator has appointed Cushman & Wakefield to market the assets.
C&W`s Matthew Stone said he was at MIPIM to gauge interest in the assets which will inform the size of the packages. “It’s been very positive and we now have a clear understanding of investor appetite,” he told EuroProperty.
“The quality of the real estate and the company mean that this is going to be of interest to funds all over the world.”
