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Portico Investments Romania sold six buildings in its portfolio in two transactions advised by Colliers

Portico Investments Romania sold six buildings in its portfolio in two transactions advised by Colliers Aurel Constantin 19/04/2021 | 17:38 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.

Real estate developer Portico Investments Romania sold six buildings in its portfolio in two transactions: Colliers

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.

Romania s investment market increased by 37 percent last year, but may see a dip in 2021: Colliers – The Diplomat Bucharest

The “year of the pandemic” turned out to be one of the peaks of the current economic cycle in terms of investments in commercial real estate assets, with a growth of 37 percent over 2019, to almost 900 million euro. 2021 may see a dip, as some buyers may remain on the sidelines amid a lack of clarity about the future revenue stream, according to the 2021 annual report released by Colliers. For this year, Colliers consultants foresee a total volume for commercial real estate transactions in excess of 0.5 million euro and also see room for a slight decrease in yields by the end of the year for prime office and prime industrial, if the economy, political and monetary system will be satisfactory.

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