Star Residence to buy office building in Bucharest for €19 million

Business Forum

1 August, 2025 at 1:58 PM

Star Residence Invest has signed a letter of intent to acquire an office building in central Bucharest for €19 million.

The building, which has a total lettable area of 9,500 sqm, is structured over two basement levels, a ground floor, and five upper floors. The property includes 136 parking spaces in the basement and an additional 60 spaces leased on a neighbouring plot.

This transaction is part of the company's growth strategy, which aims to continue acquiring income-generating properties to build a stable and high-performing portfolio. The financing for future acquisitions will be secured through capital increases, bank loans, or other forms of financing.

In addition to this new acquisition, Star Residence Invest's current portfolio includes a 25,000 sqm plot of land in Sector 1, a 1,400 sqm commercial space in central Cluj, apartments and parking spaces.

First Property Group sells Bucharest office building

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.

Real estate

Return to office mandates to boost demand for new spaces

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.

Real estate

Praktiker Real Estate buys office building in Bucharest

Praktiker Real Estate, the property company owned by Turkish investor Omer Susli, has purchased the Muntenia Business Center offices, in central Bucharest, from Longshield Investment Group for €8 million.

Real estate

Meta Estate Trust invests in land plot in central Bucharest

Meta Estate Trust has invested in a plot of land near Victoriei Square in central Bucharest, where it plans to develop a building that will be leased to a chain of private medical clinics.

Real estate

Hungarian investor reported to be in talks for office purchase in Bucharest

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.

Real estate

Bucharest office market sees lower demand over tech slowdown

Total demand for office leasing in Bucharest dropped by 25% to 236,000 sqm in Q3 compared to the same period of 2023, while new demand fell 11% to 82,000 sqm in the same interval due to the slowdown of the IT&C sector, according to a Colliers report. 