Mitiska REIM launched the procedures for the sale of its properties in Romania

by   CIJ News iDesk V
2023-05-11   09:35

Mitiska REIM, fund manager owned by the Luc Geuten and Axel Despriet, has appointed the broker CBRE for the sale of the 24 retail parks it manages in Romania, in a transaction of around EUR 250 million.

The company's plan also includes the sale of the accumulated properties in Belgium, which brings the transaction to around EUR 450 million in total. The portfolios in the two countries comprise retail parks with a cumulative area of 208,000 sqm.

The parks are owned by the FRI and FRI 2 funds, and Mitiska REIM acts as an advisor to the funds in these transactions. In Romania, the two funds have 24 retail parks, anchored by Kaufland or Lidl, with a gross leasable area of 132,000 sqm.

In addition to CBRE, the Belgian group is advised in the sale by the firms Belfius and Kepler Chevreux.