Belgian developer Atenor has sold its @Expo office building in Bucharest to a private real estate investment firm. The 57,666 sqm office building was delivered in 2023 and is currently 29% leased.
The disposal reduces Atenor's net financial debt by €52 million and strengthens the company's financial position. "Through this disposal, we are achieving, early in 2026, a further significant reduction in our net financial debt," the company said. The transaction generates additional liquidity to support construction of selected projects and assessment of new investment opportunities.
The sale marks the end of Atenor's activities in Romania, following the full commercialisation of the Upsite residential project, also in Bucharest. This decision is part of a broader simplification of the group's structure and will result in lower overhead costs. The disposal had a negative impact of €30.5 million, which was recorded in the 2025 financial year.
The transaction represents another milestone in Atenor's plan, which includes gradual reduction of exposure to the Central European office market to support consolidated net debt reduction. Following this disposal, Atenor's portfolio consists of 62% residential assets, representing more than 5,500 homes.
"Fully aware of the impact of the difficult decisions taken during 2025 and at the beginning of 2026, in a demanding market environment, we remain confident in the successful delivery of the 2025-2027 plan," the company stated.
