Belgium’s real estate group Mitiska contemplates its exit from RO market

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The real estate group Mitiska, controlled by the Belgian millionaire Luc Geuten, is analyzing the possibility of selling the properties accumulated on the Romanian market, or about 16% of its European portfolio, according to sources from the local real estate market consulted by Profit.ro.

Mitiska’s portfolio consists of 24 commercial parks with a gross leasable area of ​​132,000 square meters.

Recently, Square 7 Properties, which develops and manages Mitiska properties in Romania and is also a co-investor, announced that it would develop more than 50,000 square meters by the end of 2023 and will reach 26 retail parks, in 25 cities in Romania, with a total leasable area of ​​about 142,000 square meters.

Mitiska has made investments in Romania through two funds. The fund FRI, launched in 2012, is reaching maturity this year. This fund raised EUR 75.2 mln – invested, in equal shares, in Western Europe and Central and Eastern Europe.

The fund…

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