Mitiska REIM close to selling its €250mn retail park portfolio in Romania

Mitiska REIM, a fund manager owned by Belgian owners, is reportedly close to selling the 24 retail parks it manages in Romania, a transaction, valued at around €250mnt according to sources familiar with the deal consulted by Profit. The deal could thus turn into the largest one in the Romanian retail real estate market. Real estate group M Core, with British real estate magnate Caspar MacDonald-Hall as the main shareholder, has reportedly submitted an offer to acquire these properties. The retail parks are owned by the FRI and FRI 2 funds, and Mitiska REIM acts as the fund’s advisor in the sale transaction. The two funds have 24 retail parks, anchored by Kaufland or Lidl, with a gross leasable area of ​​132,000 square meters. Among the tenants of the shopping centres are Deichmann, DM, Pepco, Jysk, KFC, Kik and Takko.

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