M Core, Hermes Properties start construction of Lidl store in L’Alcúdia, Spain

• 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.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. M Core published the original content used to generate this news brief on November 06, 2026, and is solely responsible for the information contained therein.