Portuguese Supermarket Market
This newsletter covers the Supermarket market in Portugal with the focus on identifying the larger retailers and the main transactions.
- The Food Retail market in Portugal represents more than €11,821 million euros in sales (2022).
- Sonae (Continente) and Jerómino Martins (Pingo Doce) represents 48,2% of the market (2022).
- Mercadona registered a +2.4% increase of total market share (+80%) and will invest during 2023 €280M in new unit openings and a logistic center. Expected to have 49 units by the end of 2023.
- Auchan Portugal has acquired Dia Group operation in Portugal, buying the 489 Minipreço and Mais Perto shops, representing an investment of around €155M.
- Property Core Real Estate Fund acquired 2 supermarkets, Pingo Doce Castelo Branco and Continente Bom Dia Quinta do Anjo by €5.8M (€1,307/sqm).
- LCN Capital Partners acquired supermarket portfolio (Project “Amália”) for €150M, includes 50 supermarkets in various parts of Portugal, including Pingo Doce and Continente, previously owned by German Trei (Tengelmann Group
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