Who sold what to whom in local retail in 2009?
This year, transactions in the local retail market proved unattractive to most investors. However, the few deals concluded year-to-date were centered on share sell-off.
UK-based investment fund Lewis Charles Romania Property Fund Ltd (LCSR) sold this summer its S.C. Retail Park Magnolia S.R.L together with its €3.63 debt load to Blackpearl Property, owned by various investors from Ireland.
Another deal was sealed by Austrian-based investment fund Immoeast that has reportedly relinquished its partnership with S+B Gruppe, according to Ziarul Financiar. S+B Gruppe bought the shares held in all the projects that were underway, namely four Stop.Shop commercial centers.
The largest deal in the local retail market in 2008 was the takeover of the 15-outlet Winmarkt chain and a retail property up for lease from NCH Advisors by Immobiliare Grande Distribuzione (IGD), for €182.5 mln.
UK-based investment fund Lewis Charles Romania Property Fund Ltd (LCSR) sold this summer its S.C. Retail Park Magnolia S.R.L together with its €3.63 debt load to Blackpearl Property, owned by various investors from Ireland.
Another deal was sealed by Austrian-based investment fund Immoeast that has reportedly relinquished its partnership with S+B Gruppe, according to Ziarul Financiar. S+B Gruppe bought the shares held in all the projects that were underway, namely four Stop.Shop commercial centers.
The largest deal in the local retail market in 2008 was the takeover of the 15-outlet Winmarkt chain and a retail property up for lease from NCH Advisors by Immobiliare Grande Distribuzione (IGD), for €182.5 mln.