CBRE has acted as the exclusive sell-side advisor in the disposal of the Siemens administrative building in Sofia. The transaction marks a milestone in the evolving investment landscape of Bulgaria's capital.
The property, with a gross built area of 10,100 sqm, is located in Zaharna Fabrika, a rapidly evolving district in northwestern Sofia. The property served as the Bulgarian headquarters of Siemens for decades. Its functionality and adaptability for various uses made it an attractive asset.
CBRE South Eastern Europe's Investment Properties team led a comprehensive due diligence and structured sales process, leveraging market insight and advisory to deliver a successful outcome.
"The site's high redevelopment potential, combined with the ongoing transformation of Zaharna Fabrika into a residential and commercial hub, positions the asset as a strategic long-term investment," said Stefani Hristova, part of Bulgarian Investment Team within CBRE SEE.
"This transaction reflects the increasing maturity and resilience of Sofia's investment market. We are proud to have advised our client as part of their broader strategy," added Nataša Šebez, part of CBRE SEE's Investment team. "The sale marks a significant deal for the Bulgarian capital market and proves the potential of the Zaharna Fabrika area," added Uroš Grujić, Head of Investment Properties for the SEE region at CBRE.
