Mitsika REIM, a specialist investor in European retail parks has acquired retail parc Val Saint-Clair in Hérouville-Saint-Clair near Caen, from French group Klépierre, in a bid to expand its presence in continental Europe.
The group acquired its first German and Spanish retail parks in September this year and also expanded its presence in Serbia and Romania.
Luc Geuten, chairman of Mitiska REIM comments: “Since the closing of our FRI 2 fund in December last year, our focus has been on extending the portfolio of investments across our Western, Central and Eastern European markets. This first acquisition in France, combined with our recent acquisitions in Germany and Spain, has consolidated Mitiska REIM’s position as Europe’s leading specialist investor in retail parks.”
The group now has a portfolio of 45 retail properties across the continent.