Real estate group Portico Investments has sold six buildings from its Romanian portfolio to Praktiker Real Estate and Lidl Romania, in two deals totaling over €8.5 million.
One of the buildings, Lidl Reșița, was taken over by retailer Lidl, while the rest were acquired by Praktiker Real Estate, the company controlled by Turkish entrepreneur Omer Susli. The total leasable surface of the six buildings stands at 16,312 sqm and the transactions were brokered by Colliers.
The two transactions are part of Portico Investments' strategy to optimize its portfolio, giving up properties in smaller cities and buying new retail spaces rented by food anchors located in the Capital and in the big cities in the country. In parallel, the developer made four new acquisitions in Bucharest, Cluj and Timișoara.
A leading real estate investor and developer in Central and Eastern Europe, Portico Investments focuses primarily on real estate in the food retail sector, in quality locations that are integrated into sustainable communities. The company manages 69 properties in Romania, Hungary and the Netherlands, with a leasable area of 135,000 sqm.
In February 2020, Portico Investments sold the Oradea Plaza multifunctional complex to a group of companies with local capital Lotus Center.
