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Local investor Lotus Center acquires multifunctional complex Oradea Plaza
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AREI: The publicly circulated fiscal measures aimed at the Real Estate and Constructions sector may result in a loss of 7 billion RON from the annual revenues generated to the state budget
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New measures may cause losses to state budget revenues, RO real estate investors say
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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.