British investment fund First Property Group, together with a group of other investors, has acquired the land on which Lidl stores operate for €10.5 m. The German retailer rents the property that these stores stand on.
“I’m excited about this investment made by us and by our customers in a portfolio of operating spaces in which Lidl stores operate. Lidl is a leading retailer in Romania, and has plans to increase its business in this market, and supermarkets located on the premises acquired by us are well positioned for this,” says Ben Habib, CEO of First property. Lidl currently operates a network of 192 stores in Romania.
