Bank (Raiffeisen) Leased Portfolio
The Groups first investment outside Bucharest started with the purchasing of 17 buildings in country side cities in Romania.
All buildings have passed through a refurbishment process. This portfolio, represents the only true domestic real estate portfolio in Romania, with buildings in most of the provincial capital cities.
Relevant information:
- gross area of all buildings - 47,000 sqm
- sale price - 46 mil EUR
After acquiring the portfolio, we started a major refurbishment process to modernize the buildings. All design, legal approvals and construction supervision of the works were done by our team. After the completion of the refurbishment works we performed the facility management of the buildings and leasing of the vacant spaces to new tenants.