Morgan Stanley buys Bucharest office building from AEW

26
Sep
2019
News - Morgan Stanley buys Bucharest office building from AEW #AEW #Bucharest #David Hay #investment #Morgan Stanley #office

by Property Forum | Investment

French-based investment fund AEW has sold the America House office building in Bucharest to the real estate investment division of Morgan Stanley in association with a group of Israeli investors highly active on the real estate market, represented by David Hay

The investor entered Romania in 2007, taking over America House from the Globe Trade Center and a few months later acquiring Promenada Mall in Târgu Mureș from BelRom. The shopping centre was also sold recently, to Hungary’s Indtok Group.

The fund managed by Morgan Stanley Real Estate Investing, which has assets under management worth €45 billion, acquired the office building in partnership with an Israeli investor group represented by David Hay, the former CEO of AFI Europe Romania.

AEW was advised by a team consisting of Clifford Chance Badea, the local office of the global law firm Clifford Chance, who served as the legal advisor, and Cushman & Wakefield Echinox who ran the sale process. MSREI was advised by Țuca Zbârcea & Asociații and Colliers International Romania.


AEW Bucharest David Hay investment Morgan Stanley office


Latest news


New leases

  • UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.


Latest news

News - Apsys to open revitalised Gdańsk market hall this summer
15
Jul
2026

Apsys to open revitalised Gdańsk market hall this summer

by Property Forum
Apsys is opening its latest project this summer — the revitalised Hala Targowa in Gdańsk, a 19th-century market hall being repositioned as a food and entertainment destination. The group has been building expertise in culinary-leisure formats across Poland and France for 30 years, with projects including Food Fyrtel at Posnania in Poznań and Boom Boom Villette in Paris — the first food & leisure concept of its kind in France, spanning 25,000 sqm at the Cité des Sciences et de l'Industrie in the Parc de la Villette.
Read more >
News - Novarion and Hubix secure €9.5 million for Sibiu project
14
Jul
2026

Novarion and Hubix secure €9.5 million for Sibiu project

by Property Forum
Novarion Hubix EF TLH, the project company set up to develop phases E and F of The Lake Home in Sibiu, has secured €9.5 million in financing from UniCredit Bank. The funds will support the construction of blocks E and F within the mixed-use residential development on the shores of Lake Binder. The project is being developed in partnership by Novarion, acting as capital partner and Development Manager, and Hubix, serving as equity partner and Investment Manager. Construction will be carried out by Novarion DMX Construction, a Sibiu-based general contractor with over 11 years of experience.
Read more >
News - Warsaw office market tightens as vacancy falls to 8.5% in Q2 2026
14
Jul
2026

Warsaw office market tightens as vacancy falls to 8.5% in Q2 2026

by Property Forum
The Polish Chamber of Commercial Real Estate (PINK) has published figures on the Warsaw office market for Q2 2026. The data is sourced from advisory companies including Avison Young, Axi Immo, BNP Paribas Real Estate Poland, CBRE, Colliers, Cushman & Wakefield, JLL, Knight Frank, Newmark Polska and Savills, and covers modern office stock, new completions, take-up volumes and vacancy rates.
Read more >


Property Forum ABOUT US

Property Forum is a leading event hub in the CEE real estate industry with over 10 years of experience. We organise conferences, business breakfasts and workshops focused on real estate, in London, Vienna, Warsaw, Budapest, Bucharest, Bratislava, Prague, Zagreb and Sofia, amongst other locations.
Please send press releases to
newsdesk AT property-forum DOT eu
MORE >

CONTACT

NEWSLETTER

 

Property Forum © 2017 – 2026 | Terms & conditions | Privacy policy