The Grivalia investment fund is reportedly looking to sell its property portfolio in Romania, which has a valuation of around €65 million, according to profit.ro.
The company partially owns an office building in northern Bucharest with a leasable area of 22,000 sqm and another office building in the city that spans 7,000 sqm. In Iași, the fund owns a warehouse that is leased by Brico Depot retailer.
The fund’s total assets under management totals €3.1 million with a total leasable area of around 3 million sqm. The projects in Romania were taken over following Grivalia’s merger with Eurobank as part of transactions that includes assets from non-performing loans.
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