Global Vision has acquired two office buildings at 237 Calea Dorobanți in Bucharest, the former headquarters of Alpha Bank, in a share-deal transaction. The buildings, developed by Neocity Group in two phases in 2001 and 2004, have a total built area of approximately 10,000 sqm and are situated near Romanian Television and Aviatorilor metro station in the Primăverii-Charles de Gaulle area. Colliers represented the sellers, a group of Irish investors, throughout the sales process. Legal advice to the sellers was provided by Țuca Zbârcea & Asociații together with ZRP.
"The transaction confirms that investors remain interested in well-positioned properties, at the right price, that can be refurbished or repositioned over time. In a market where investors are becoming increasingly selective and transactions more complex, the way a property is marketed, the investors approached and the management of the transaction itself are all extremely important," said Simina Niculiță, Partner and Director, Capital Markets at Colliers.
The acquisition expands Global Vision's Bucharest office portfolio, following its 2022 purchase of Nova Building in the Dimitrie Pompeiu area, subsequently renamed Corner Office Building, for which the company announced total investments of more than €12 million including refurbishment and sustainability works. Global Vision says it is targeting an investment pipeline of more than €150 million in 2026 across office, retail, industrial and data centre segments, with a longer-term goal of building a cumulative portfolio value of more than €1 billion. "This acquisition reflects Global Vision's strategic investment approach, similar to our previous projects, Brătianu Business Center and Corner Office Building, which focused on reintegrating strategically located assets into the city's commercial landscape," said Sorin Preda, CEO and Founder of Global Vision.
Romania's real estate investment market attracted transactions worth approximately €300 million in the first half of 2026, with offices accounting for approximately 60% of total volume, their highest share since 2022. Prime yields in Bucharest stand at approximately 7.5% for offices, 7.75% for industrial and logistics properties and 7.25% for shopping centres, above levels recorded in Warsaw, Prague or Bratislava. "As it is becoming increasingly difficult to develop new office buildings in central locations, close to a metro station, with good visibility and sufficient parking spaces, we believe there will be growing interest in well-positioned buildings, even those constructed 15 to 20 years ago, provided they can be refurbished and brought up to current standards," said Niculiță.
"This transaction shows that both interest and capital are available for Romanian assets. The sale of the former Alpha Bank headquarters is the sixth transaction completed by our Capital Markets team year-to-date, with an aggregate gross asset value of more than €425 million, four of which were office deals," said Robert Miklo, Partner and Head of Capital Markets at Colliers. Colliers expects investment activity to intensify in the second half of the year, with Romania's total real estate investment volume potentially approaching €1 billion in 2026 if deals currently in the pipeline close as expected.
