Portico Investments refinances retail investments with EUR 75 million from ING Lease

Portico Investments owns retail spaces which host retailers such as Spar, Plus, Domo and Zass in 18 Romanian cities.
The group, which invests in Romania, Hungary, the Czech Republic, Poland and Croatia, holds the highest value of its portfolio, some 39 percent, in Romania, according to the company. Its entire portfolio, made up of 42 properties, required a gross investment of EUR 100 million, which gives Romania some EUR 78 million of Portico's investments.
Apart from retail spaces – shopping malls, supermarkets and discount stores – Portico also owns petrol stations, like the Mol unit in Barlad. The investor usually deploys over EUR 5 million for each of its projects and builds units with a low number of tenants, fewer than 20.
“It has become more difficult to receive financing nowadays, so it is extremely encouraging to see transactions like this one, which get done,” said Marcell Clark, head of the real estate financing team with Salans law firm. The firm assisted Black Sea Global Properties Limited (BSGP), subsidiary of Rompetrol Holding, in the cash offer for Fabian Romania investment fund at the end of last year.
Corina Saceanu