The German real estate investor and developer InterCora Group sold 50 percent of its Romanian retail portfolio to First Retail International (FRI) a retail property company managed by the Belgium-based investment group Mitiska Ventures. InterCora’s local portfolio includes eight operational retail parks located around Romanian, with a total GLA of 32,000 sqm. The properties are multi-tenanted and are each anchored by a Kaufland or Lidl store.
The value of the transaction was not disclosed.
