CBRE has represented CPI Property Group in the acquisition of Felicia Iasi, a commercial gallery located in Iasi, the largest city in eastern Romania, from CBRE Global Investors. This is the first CPI Property Group’s acquisition on the Romanian real estate market. The transaction forms part of a larger high-quality retail portfolio of predominantly 11 shopping centers with a total leasable area of approximately 265,000 sqm located in the Czech Republic, Hungary, Poland and Romania.
Felicia Iasi has a total leasable area of 11,313 sqm and is anchored by Marks&Spencer, Takko, Pepco, Deichman, DM and Intersport and it serves a catchment area of more than 450,000 inhabitants. Carrefour hypermarket is also connected with the gallery and it operates here since 2007, when the commercial center was opened.
CBRE property management team operates Felicia Shopping Center and its commercial gallery since aprilie 2016.
‘CBRE is delighted to act on behalf of another new market entrant to Romania. Felicia is a well-established scheme whose proven trading history and strong fundamentals make for a solid regional retail investment from CPI Property Group.’, says Robert Paulson, Head of Investment Properties, CBRE Romania.
CBRE is the leading property manager in Romania, managing 8 properties and almost 340.000 sq m in Bucharest – Sun Plaza and Veranda Shopping Center – and in the whole country: Vivo Cluj, Vivo Constanta, Vivo Baia Mare, Vivo Pitesti and Felicia Shopping Center in Iasi.
CBRE CEE is the Property Management Company of the Year Award, at the 2016 CEEQA Gala (Central&Eastern European Real Estate Quality Awards). CBRE has a professional team of over 400 specialists in Asset Services, managing more than 2.6 million sq m all together.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.