Portico Investments Romania has completed the sale of six retail buildings to Praktiker Real Estate and Lidl Romania, in two transactions exceeding EUR 8.5 million.
The projects are located in Tulcea, Reșița, Râmnicu Vâlcea, Drobeta-Turnu Severin and Bârlad, with a total leasable area of 16,312 sqm. With the exception of the Lidl Resita building, which was purchased by the Lidl retailer itself, all the other five buildings were purchased by Praktiker Real Estate. The transactions were mediated by Colliers International Romania.
The two transactions are part of Portico Investments’ strategy to optimize its portfolio, giving up properties in smaller cities and to acquire new retail spaces rented by food anchors located in the Capital and in the big cities in the country.
