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Portico Investments Romania sold six buildings in its portfolio in two transactions advised by Colliers

Portico Investments Romania, advised by Colliers, completed the sale of six retail buildings in its portfolio to Praktiker Real Estate and Lidl Romania, in two transactions totaling over 8.5 million euros.

The portfolio sold by Portico Investments includes six retail projects, located in Tulcea, Resita, Ramnicu Vâlcea, Drobeta-Turnu Severin, Barlad, being leased by Lidl, Penny Market, MOL Romania, Jysk, Altex, Ingrimar, Adidas, Romstal and Pepco, with a total leasable area of 16,312 square meters.

With the exception of the Lidl Resita building, which was purchased by Lidl itself, all five other buildings were purchased by Praktiker Real Estate, the company controlled by Omer Susli, who took over Praktiker Romania’s operations in 2014, later sold to Kingfisher, and who then set up the Homelux decoration brand.

The two transactions are part of Portico Investments' strategy to optimize its portfolio, giving up properties in smaller cities and acquiring 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 Timisoara.

We continue to collaborate with Portico Investments in order to find new business opportunities, being active in the area of purchasing spaces occupied by food operators, in Bucharest and big cities", states Simina Niculiță, Partner & Head of Retail Agency at Colliers.

Last year, in February, Portico Investments Romania also sold the Oradea Plaza multifunctional complex to the group of companies with local capital Lotus Center in another transaction advised by Colliers. In fact, the "pandemic year" was one of the peaks of the current business cycle in terms of investments in commercial real estate assets, with an increase of 37% compared to 2019, to almost 900 million euros.

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Simina Niculita

Director | Partner | Romania

Bucharest

Simina joined Colliers International in May 2005. She started her career as a junior broker selling new apartments in some of the first residential projects. In less than one year, she became the Project Manager of several residential projects, coordinating the sales team and advising on the sales and marketing strategy. She also provided consultancy for other new projects to be launched on the market.

During 2007-2008, Simina led the residential investment team and offered consultancy to investors interested in acquiring portfolios of apartments. She managed to sell a total of 1,300 apartments in 14 months and coordinated the sales & marketing strategy for off-plan residential projects: Central Park, Global City, Flamenco, Seasons, Green Lake, Sky City;

Simina joined the Retail Agency at the beginning of 2009, creating several retail schemes both as a Project Manager and as a Leasing Broker. Her work with the developers involved concept consultancy, market research, team coordination, and leasing strategy.

Currently, Simina is Associate Director of the Retail Agency and has an active role in establishing the strategy and the priorities of the Shopping Centers team. Simina is focused on project management, providing consultancy for future major retail schemes and negotiating with anchor tenants and medium size tenants. 

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