The project was acquired from Romanian entrepreneur Sebastian Bălășescu, who had previously taken over the office building from Primavera Development.
CSDA Siriului has a built-up area of approximately 5,000 sqm and a leasable area of around 3,600 sqm. It has an energy efficiency certification and a complex mix of tenants.
The sale was brokered by Esop Consulting.
Bucur is listed on the AeRO market of the BVB and has a market cap of around €15.7 million.
Companies in IT, manufacturing, industry, and the medical and pharmaceutical sectors were the most active in Romania's office rental market over the past five years, generating over half of the demand for new space.
Property investor and asset manager Solida Capital has purchased the office project Victoria Center in Bucharest from Manova Partners, marking its first transaction in Romania and strategic expansion into CEE. The deal value was not made public.
Bucharest recorded a 20% decline in office leasing, to 339,000 sqm, in 2024, compared to the previous year, although it remained above the five-year average, according to a Colliers report.
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.
IWG is opening a new coworking location under the Spaces brand in Bucharest-based Vastint Business Garden building that will focus on hybrid work demand.
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.
The wholesale trade sector experienced an overall decline in H1 2025 compared to the same period in 2024.
Delivery platform Bolt Food and financial infrastructure supplier finmid have launched a new financing program for thousands of small and medium-sized businesses (SMBs).
While businesses are increasing their investment in Environmental, Health and Safety (EHS) initiatives, many are failing to integrate them into their long-term strategies.
Croissant manufacturer Derpan, part of the Golden Foods Snacks group, has successfully completed a private placement of corporate bonds.
Romania has successfully completed its second renewable energy auction under the Contracts for Difference (CfD) scheme, awarding 2,751 MW of capacity and surpassing.
