Romanian real estate company Bucur, controlled by Longshield Investment Group, has purchased the CSDA Siriului office project in northern Bucharest for an undisclosed sum.
The project was acquired from Romanian entrepreneur Sebastian Bălășescu, who had previously taken over the office building from Primavera Development.
CSDA Siriului has a built-up area of approximately 5,000 sqm and a leasable area of around 3,600 sqm. It has an energy efficiency certification and a complex mix of tenants.
The sale was brokered by Esop Consulting.
Bucur is listed on the AeRO market of the BVB and has a market cap of around €15.7 million.
