The retail giant, El Corte Inglés is planning to sell its warehouses, office and supermarket assets as well as plots of land in order to reduce its level of debt. According to market sources, the company will put on sale 102 supermarkets, 32 logistics assets, 50 high street retail outlets along with 20 office properties located in Madrid and Barcelona. The estimated value of the portfolio is €1bn. The disposal is attracting growing interest in the market, with most of the large funds and insurance companies expressing interest in the auction. El Corte Inglés intends to put its portfolio up for sale at the end of March.
