Colonna has sold a portfolio of 11 Rimi grocery stores in Latvia to Lumi Retail Property Fund.
Colonna is a commercial property investor in the Baltics. The Lumi Retail Property Fund is managed by Nuve Partners.
The Rimi stores, which are situated across the country, are all operating under long-term lease agreements.
The TGS Baltic law firm advised Colonna on the deal, and the Walless law firm advised Lumi.