Portico Investments Romania sells six retail buildings to Praktiker, Lidl for 8.5 mln euro Source: Portico Investments
BUCHAREST (Romania), April 20 (SeeNews) - Portico Investments Romania said that it has completed the sale of six retail buildings to Praktiker Real Estate and Lidl Romania, in two transactions totaling over 8.5 million euro ($10.2 million), deal advisor Colliers said.
The two transactions are part of Portico Investments strategy to optimise its portfolio, giving up properties in smaller cities and acquiring new retail spaces rented by food anchors located in Bucharest and other big cities in the country, Colliers said in a press release on Monday.
Portico Investments Romania, advised by Colliers, completed the sale of six retail buildings in its portfolio to Praktiker Real Estate and Lidl Romania, in two transactions totaling over 8.5 million euros.
The portfolio sold by Portico Investments includes six retail projects, located in Tulcea, Resita, Ramnicu Vâlcea, Drobeta-Turnu Severin, Barlad, being leased by Lidl, Penny Market, MOL Romania, Jysk, Altex, Ingrimar, Adidas, Romstal and Pepco, with a total leasable area of 16,312 square meters.
With the exception of the Lidl Resita building, which was purchased by Lidl itself, all five other buildings were purchased by Praktiker Real Estate, the company controlled by Omer Susli, who took over Praktiker Romania’s operations in 2014, later sold to Kingfisher, and who then set up the Homelux decoration brand.