The Star Capital Finance group, founded and led by the Czech businessman Josef Malíř, enters the Romanian real estate market by acquiring two retail parks in Miercurea Ciuc and Moinești from the Czech developer RC Europe, founded and owned by entrepreneurs Miroslav Hartman and Jan Prokop – former directors of the German retailer Lidl, according to information obtained by Profit.ro.
Star Capital Finance (SCF), which manages assets worth over 930 million euros, bought the Nest retail parks in Miercurea Ciuc and Moinești for a price of around 40 million euros, marking the market entry of the investor, who intends to expand locally, according to Profit.ro sources.
Nest Miercurea Ciuc was inaugurated in 2020 and has an area of 17,540 square meters leased to retailers such as Zoo Center, Sportisimo, Dr. Max, JYSK, Martes Sport, Altex, LC Waikiki, Deichmann, Takko, Tabac Express, CCC, Pepco, Noriel Toys and KFC. Nest Moinești was developed on a plot of land with an area of 15,000 square meters next to a Kaufland hypermarket. The retail park has an area of 5,647 square meters and was inaugurated in 2022 with tenants such as Pepco, Kik, JYSK, Deichmann, Tedi, ZOO Center, Martes and Sinsay.
“Romania is one of the most attractive real estate markets in Central and Eastern Europe, and entering this market is a logical extension of our regional strategy,” said Josef Malíř, CEO and owner of SCF. “For our first acquisition, we looked for properties in proven locations with a stable tenant mix and real potential for value growth.”
The Czech investor was assisted in the transaction by the team of the real estate consulting company of IO Partners.
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