News Article BCR Bucharest investment office Romania
by Property Forum | Office

Romanian lender BCR, part of Austria’s Erste Group Bank, has reportedly reached an agreement to sell the Bucharest Financial Plaza office building on Calea Victoriei that served as the headquarters of defunct state lender Bancorex.  The buyer is a German investor and the details of the deal will be announced in early December, reports.

Bucharest Financial Plaza (BFP) has a gross leasable area of ​​26,300 sqm and is valued at over €45 million.

Last year, BCR disposed of its former headquarters, the Oscar Maugsch Palace in Piața Universității. The buyer, a Luxembourg-based real estate investment vehicle, paid €30 million for the property.