The property was acquired by the Municipality of Turda following the exercise of a right of pre-emption, as part of a project to convert and redevelop the area by the city administration.
The three-floor building is fully let and hosts nine tenants. The overall consideration of the sale is approximately €0.55 million, in line with its book value.
"Today's sale further enhances the quality of our Romanian portfolio, which consists of assets located in central and strategic positions in major city centres, and confirms the consistency and effectiveness of the path outlined in the 2025–2027 Business Plan, which provides for a gradual asset-by-asset disposal," commented Roberto Zoia, CEO and GM of IGD.
In this sale, IGD was represented by CBRE Romania as real-estate consultant and by Dentons as legal advisor.
