First Property Group has completed the sale of the Dr. Felix 87 office building in Bucharest's Piata Victoriei area to Bucur, a company listed on the Bucharest Stock Exchange. Colliers acted as the exclusive sell-side advisor in the transaction.
The Dr. Felix 87 building offers 2,850 sqm of office space, fully leased to consultancy firm Vulpoi & Toader Management. Completed in 2006 and acquired by First Property Group a year later, the property is strategically located near Piata Victoriei, an established office destination with strong transport links to key parts of the city and Henri Coanda International Airport.
"The deal highlights the growing interest of locally listed companies in income-generating real estate assets and confirms the appeal of well-positioned office buildings in established Bucharest submarkets," said Simina Niculiță, Director at Colliers. "The market remains active and diverse, with sustained appetite for well located assets."
Piața Victoriei hosts approximately 365,000 sqm of office space, representing about 11% of Bucharest's office stock. Prime rents reach over €22 per sqm per month in the CBD area, with vacancy at a low 5%. According to Colliers, with no additional office stock planned and high tenant demand, prime rents could continue climbing as both demand and supply dynamics favor growth.
This marks the second office transaction in Piața Victoriei closed by Colliers in 2025, following its advisory role for Solida Capital in acquiring Victoria Center earlier this year. First Property Group has been listed on London's AIM since 2000 and also owns the Maestro Business Center in Cluj-Napoca.
