by Property Forum | Investment

The Palace of the Generala Insurance Company, a historical building in the city centre of Bucharest that served as the headquarters for lender BCR, the local subsidiary of Austrian Erste Bank group, has been put up for sale.


The building, completed in 1906, is valued at some €20 million, according to economica.net.
 
BCR relocated to The Bridge, an office building developed by Forte Partners and acquired by investors Dragoș and Adrian Pavăl.
 
Several other properties of BCR are up for sale, among them the residential park Silver Mountain Resort in Poiana Brasov, several offices in various cities in the country, three hotels (of which two are in Brașov and Poiana Brașov) and several commercial and industrial spaces.