M Core, Hermes Properties start construction of Lidl store in L’Alcúdia, Spain
Bitget2026/11/06 09:16- M Core and Hermes Properties have started construction of a Lidl store in L’Alcúdia, Valencia, their first joint development.
- The partnership targets up to €500 million of retail investment across Spain and Portugal over five years.
- The 7,418-square-meter site will accommodate approximately 2,400 square meters of retail and ancillary space.
- Completion is expected in Q2 2027, with Lidl relocating to the property as sole tenant under a long-term lease.
- Hermes Properties leads development management and leasing while co-investing alongside its partner, which provides investment capital.
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