Mitiska REIM sold a property in Brasov to the French DIY retailer Leroy Merlin, which thus continues its expansion plans on the local market.
The property in Brasov, which was occupied by a Praktiker store, consists of a building of about 7,500 square meters and a land plot of approximately 2 hectares and does not represent an essential asset in the company’s portfolio.
Mitiska, a Belgian investor specialized in the development and management of retail parks, has 21 operational projects on the local market.
With a network of 18 stores, Leroy Merlin is one of the largest and most dynamic players in the local DIY market. The retailer is present in Brașov through a store located in the northern part of the city.
This transaction represents the third major sale mandate completed by Cushman & Wakefield Echinox during the pandemic in Romania.