Property developer Atenor says it has concluded the sale of Hermes Business Campus in Bucharest to Adventum Group, an investment manager focused on Central and Eastern Europe.
The office project with a leasable area of 75,000 sqm is fully occupied by multinational companies. The transaction totaled around €140 million, according to an estimate by real estate consultancy Colliers.
Atenor added that its office complex in northern Bucharest has been generating rental income over the past six years. At present, the company is developing two office projects and its first residential complex in the Romanian capital.
The sale of Hermes Business Campus has been the largest property deal closed in Romania in the year to date.
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