The project has a built area of 9,750 sqm and includes 10 floors and a terrace. The building hosts 102 tenants.
Muntenia Business Center was completed in 1996 and was renovated in 2011.
“I look forward to overseeing its continued growth and the opportunities it will bring,” wrote Susli in a LinkedIn post.
Susli's investment portfolio in Romania comprises real estate, mainly retail assets, and renewable energy projects.
Crosspoint Real Estate worked with the seller on this transaction.
First Property Group has completed the sale of the Dr. Felix 87 office building in Bucharest's Piata Victoriei area to Bucur, a company listed on the Bucharest Stock Exchange. Colliers acted as the exclusive sell-side advisor in the transaction.
Praktiker Real Estate Romania, controlled by businessman Omer Susli, is acquiring an office building in Bucharest from Allianz-Țiriac. The transaction is currently at the preliminary sales agreement stage and marks another step for Susli in expanding his real estate portfolio, following his 2024 purchase of the Muntenia Business Center office building.
Star Residence Invest has signed a letter of intent to acquire an office building in central Bucharest for €19 million.
Vlad Săftoiu, Head of Research Cushman & Wakefield Echinox, talked to Property Forum about the demand trends in the Romanian office market and the outlook for industrial and retail investments in 2025.
Hungarian investor Gránit Asset Management, with HUF 1,100 billion of assets under management, is reported to be nearing a deal for the purchase of the Equilibrium 1 building in northern Bucharest from Skanska, Romanian media reports.
Evo Properties has announced the reconversion of the London and Oslo office buildings in Bucharest into a multifunctional hub.
Romania's real GDP growth is forecast to remain low over the next two years, primarily due to the necessary fiscal consolidation measures that will slow consumption.
Almost 60% of companies in Romania plan to expand their use of flexible spaces over the next two years to support hybrid working strategies.
CEC Bank continues to support entrepreneurs from rural and agricultural sectors by signing a new guarantee agreement with the Rural Credit Guarantee Fund (FGCR), which allows refinancing of AGRO and RURAL loans.
Family business revenues are projected to reach $29 trillion by 2030, reflecting an 84% increase compared to 2020, according to a Deloitte study. These businesses currently account for 19% of all business revenue globally and represent more than 18,000 entities worldwide.
Endava, the technology-driven business transformation group, and Paysafe, a payments platform, announced a multi-year strategic partnership to bring payments and community engagement solutions to market faster.
