Both properties, with a total lettable area of nearly 24,000 sqm, have joined the portfolio of SCF CROP, a sub-fund of SCF Investment Partners SICAV that focuses on retail park investments in CEE.

"Romania is one of the most attractive property markets in Central and Eastern Europe, and entering this market is a logical extension of our regional strategy," says Josef Malíř, CEO and Owner of SCF. "For our first acquisition, we were looking for properties in proven locations with a stable tenant mix and real potential for value growth."

The larger NEST Miercurea Ciuc retail park is located on the outskirts of the Transylvanian town of the same name. With nearly 18,000 sqm of lettable area and a two-storey car park with 463 spaces, it maintains an occupancy rate consistently exceeding 98%.

The second NEST Moinești retail park is located in north-eastern Romania in an area with approximately 60,000 inhabitants. With almost 6,000 sqm of lettable area and 170 parking spaces, it has an occupancy rate of over 96%.

Bank financing for the now-completed transaction was provided by J&T Banka. The legal aspects of the transaction were handled by Filip & Company, commercial consultancy by iO Partners, technical consultancy by Gleeds, and financial and tax consultancy by TPA.