“Essential retail and food are very resilient sectors with solid fundamentals that, in contexts of uncertainty, allow their owners to better navigate the economic turmoil. The four newly acquired assets fit very well into our strategy and will add value to our investors: they are on a long-term lease from the market leader and their track record of earnings is very encouraging”, comments Fernando Ramírez de Haro, managing director for Spain and Portugal by Savills IM, cited in a press release and reported by idealista.

According to Savills IM's Global Investment Outlook 2023 report, essential retail has shown its resilience during the pandemic and will continue to be a relatively safe haven, as demand for basic goods will continue.

According to Savills IM, supermarkets and retail parks "have shown exceptional resilience since the beginning of the pandemic", and "the retail real estate market continues to present challenges in general, although it presents interesting aspects and there are still opportunities".

For the manager, the Portuguese economy has “solid economic fundamentals and positive economic prospects. The food retail sector remains competitive, with the main operators expanding, as well as investing in upgrading existing units, increasing the efficiency of the commercial area and taking advantage of a more efficient logistics activity”.