MAD Planning & Projects has sold an office building in Bucharest to the University of Medicine and Pharmacy in Bucharest for an undisclosed sum. The building located close to the University Area is set to host a medical simulation center.
The office project has a leasable area of more than 2,000 sqm and was built in 2004. The transaction was brokered by real estate consultancy Crosspoint Real Estate.
MAD Projects sold the Masaryk 19 project to Carol Davila University after rehabilitation and customization, according to the requirements of an educational institution, with specific needs,” says Mihai Arghiropol, Founder of MAD Planning & Projects.
The seller of the project is specialized in real estate conversion, rehabilitation and design. This year, MAD Planning & Projects is working on Victoria Gallery and Atmosphere Residence in Pipera.
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