Business news outlet ECO reported that the acquisition was completed through the Hahn Sierra Food Retail Fund and adds around 15,000 square metres of retail space to the fund's portfolio. The supermarkets are located across several Spanish regions, including Catalonia, Aragon, Andalusia, Asturias, Navarre and Extremadura.

All nine stores are leased to Mercadona under long-term agreements, providing what property consultancy Savills described as a geographically diversified portfolio with strong commercial catchment areas.

The financial terms of the deal have not been disclosed. However, MDSR originally acquired a portfolio of 27 Mercadona supermarkets from the Spanish retailer in 2021 in a transaction reportedly worth around €100 million.

Savills advised on the acquisition, while EY provided legal support to Sonae Sierra. The seller was advised by Eversheds Sutherland.

According to Savills, investor demand for food retail assets continues to grow, with supermarkets remaining one of the most sought-after property sectors due to their ability to deliver stable, long-term returns even during periods of economic uncertainty.

The latest acquisition follows the launch of the Hahn Sierra Food Retail Fund earlier this year, a joint venture between Sonae Sierra and Germany's Hahn Gruppe. The fund is targeting investments worth up to €600 million across southern Europe's grocery retail sector.

Its first acquisitions, completed in Portugal and Spain, totalled around €70 million and included two Continente Bom Dia supermarkets in Marinha Grande and Benedita.