Mitiska REIM – Our past year in numbers…

Mitiska REIM – Our past year in numbers…

Over the past 12 months, we have continued to see a strong performance across our convenience real estate portfolio, which has seen further expansion from retail parks into urban logistics and multi-let light industrial opportunities.

Here’s our past year in numbers…


9 new investments

In the past year, Mitiska REIM has invested in 9 new convenience real estate projects across Europe, including 4 value-add acquisitions and 5 development projects. Within this total, 4 investments were in retail parks and 5 in light industrial or urban logistics projects. An additional 5 investments have been approved and will be closed in the course of next year and we are actively prospecting for new opportunities.


6 new retail park openings

The past 12 months has seen the opening of 6 new retail park developments representing a total of more than 76,000 sqm gross leasable area in 4 different countries, with the longstanding advantages of retail parks based on convenience, essential shopping and value for money continuing to be very attractive to investors, retailers and shoppers alike. 


21 projects under development

At present, we have 21 development or redevelopment projects underway which are scheduled to open in 2022-24, representing a mix of retail parks, multi-let light industrial and urban logistics projects.


5 exits realised

Our investment strategy is to exit investments on completion of our value-add and/or development programme – in the past year we successfully divested 5 retail park and light industrial properties which realised outstanding returns for the funds, bringing the total number of exits to 19, with strong market appetite for further exits ongoing.


1,100,000 sqm gross leasable area

The gross leasable area (GLA) invested or developed by Mitiska REIM over the past decade now totals approximately 1,100,000 sqm across 91 properties and our 10 European markets of Belgium, The Netherlands, France, Germany, Spain, Portugal, Romania, Poland, Czech Republic and Slovakia.


9 ESG targets defined

As part of our ESG Framework, we have defined 9 specific long and medium-term targets that we want to reach as a team. These are detailed in our first Sustainability Report, published in May 2022, which outlines our ESG strategy and the initiatives undertaken by the team in 2021 and the preceding years.


45% of assets BREEAM certified 

As part of Mitiska REIM’s ongoing ESG programme, we had 45% of the portfolio BREEAM in-use certified at the end of last year and plan to increase this to 85% by the end of 2022, with all scores so far either “Good”, “Very Good” or “Excellent”. 


31 team members

Our team has continued to expand over the past 12 months, and we now have 31 professionals across investment operations and investment platform. We are proud to have a 43% female representation across a team of 8 different nationalities speaking 10 different languages.