British investment fund buys nine plots in Romania where Lidl stores operate
British investment fund First Property Group has bought, together with other investors, the plots where nine Lidl stores operate for EUR 10.5 million.
The fund had previously acquired an office building in Bucharest, in 2007.
The newly acquired pieces of land will bring First Property an annual pre-tax profit of EUR 180,000, according to the company.
Lidl had rented the plots from third parties. The retailer has 192 stores in Romania and a turnover estimated at over EUR 800 million.
editor@romania-insider.com
Normal
