Friday, 12 June 2026
Czech investment group SCF, together with its partners, has completed the acquisition of two NEST retail parks in Romania from developer RC Europe. The transaction, valued at nearly €40 million, marks SCF’s entry into the Romanian market and expands its retail property portfolio across Central and Eastern Europe.
The acquired assets, NEST Miercurea Ciuc and NEST Moinești, provide a combined gross leasable area of approximately 24,000 sqm. Both properties have been added to the portfolio of SCF CROP, a recently established sub-fund of SCF Investment Partners SICAV, which focuses on investments in retail parks across the Central and Eastern European region.
The larger of the two assets, NEST Miercurea Ciuc, is located in Miercurea Ciuc in central Romania and was developed in phases completed in 2020 and 2022. The retail park offers nearly 18,000 sqm of leasable space and includes a two-storey parking facility with 463 spaces. Tenants include Lidl, JYSK, Altex, LC Waikiki, Sportisimo, Pepco, Deichmann, KFC, Sinsay, TEDi and KiK. According to the seller, occupancy has remained above 98%.
The second property, NEST Moinești, is located in north-eastern Romania and serves a catchment area of approximately 60,000 residents. Opened in December 2024, the retail park comprises nearly 6,000 sqm of leasable area and 170 parking spaces. Its tenant mix includes Kaufland, JYSK, Pepco, Deichmann, Sinsay, KiK, TEDi and Martes Sport. Occupancy currently exceeds 96%.
RC Europe stated that the sale forms part of its strategy to streamline its portfolio and focus on new development projects, particularly in Croatia and the Czech Republic.
According to market data cited by the parties, retail parks have become the dominant format for new retail development in Romania in recent years, accounting for more than 70% of new retail space delivered between 2022 and 2023.
Financing for the acquisition was provided by J&T Banka. Filip & Company acted as legal adviser, while iO Partners provided commercial consultancy. Gleeds advised on technical matters, and TPA provided financial and tax advisory services.
