Dinu Patriciu Global Properties, the real estate investment company owned by Romanian investor Dinu Patriciu has sold a portfolio of seven office buildings it held in Sweden, through investment fund Karolinen Fastigheter AB Sweden. The buyer was Hemfosa Fastigheter and the value of the deal was not disclosed. This is Dinu Patriciu's real estate company's first exit so far.

DPGP has agreed to sell its Swedish asset Karolinen Fastigheter AB that comprises seven offices buildings in City of Karlstad totaling over 75,000 sqm. At present, the portfolio is over 95 percent leased. The tenants include companies such as GE, Länsstyrelsen i Värmland, Landstinget i Värmland, Lindebergs, SWECO Sverige AB, Domstolsverket.

DPGP controls 117 real estate assets across five European Union member countries: Germany, Romania, Poland, the Netherlands and Belgium. Estimated at approximately EUR 1.3 billion, the Dinu Patriciu Global Properties (DPGP) portfolio was formed by combining four distinct portfolios. These were the Astra portfolio, together with Fabian Romania Limited, Deutsche Land PLC and Rutley European Property Limited. Approximately 60 percent of the portfolio is in Germany, 30 percent in Romania and 10 percent in other European countries.

editor@romania-insider.com