Behind the scenes of the deal of the year so far: How Bucharest made the cut

23
Apr
2025
News Article Bucharest Gránit Asset Management Hungary investment office Romania Skanska

by Property Forum | Interview

In a market environment marked by pricing inelasticity and shifting investor sentiment, Gránit Asset Management has made a significant move with the acquisition of Equilibrium 1, a landmark office building in Bucharest. Property Forum talked to Erik Wafler MRICS, Senior Investment Manager at Gránit Asset Management, to gain deeper insight into the strategic thinking behind this transaction, the challenges of sourcing institutional-grade assets in CEE, and the company’s broader ambitions in the region


What were the key factors that led Gránit Asset Management to acquire Equilibrium 1 in Bucharest?

We have been searching for the right asset matching our 5B strategy for a while, which meets the criteria to be a class A quality asset, fully let to strong covenant tenants, located in a well-established office hub and, most importantly, fairly priced. Indeed, at first this seemed to be a close-to-impossible task, however, I believe we can consider ourselves lucky when we stumbled upon Skanska’s landmark building ticking all the boxes. In addition, transacting with an institutional player that clearly understands investment risks and conditions has definitely served for the benefit of concluding this transaction.

How challenging was it to find a suitable asset at the right price in the current market environment?

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