Portico Investments completed the sale of six retail buildings in its portfolio to Praktiker Real Estate and Lidl, in two transactions totaling over 8.5 million euros.
The portfolio sold by Portico Investments includes six retail projects in Tulcea, Resita, Ramnicu Vâlcea, Drobeta-Turnu Severin, Barlad.
The spaces are leased by Lidl, Penny Market, MOL, 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.
In parallel, Portico Investments made four new acquisitions in Bucharest, Cluj and Timisoara.
The company manages 69 properties in Romania, Hungary and the Netherlands, with a leasable area of 135,000 square meters of retail space.
Last year, in February, Portico also sold the Oradea Plaza multifunctional complex to the group of companies with local capital Lotus Center in another transaction advised by Colliers.