Star Residence Invest has signed a letter of intent to acquire an office building in central Bucharest for €19 million.
The building, which has a total lettable area of 9,500 sqm, is structured over two basement levels, a ground floor, and five upper floors. The property includes 136 parking spaces in the basement and an additional 60 spaces leased on a neighbouring plot.
This transaction is part of the company's growth strategy, which aims to continue acquiring income-generating properties to build a stable and high-performing portfolio. The financing for future acquisitions will be secured through capital increases, bank loans, or other forms of financing.
In addition to this new acquisition, Star Residence Invest's current portfolio includes a 25,000 sqm plot of land in Sector 1, a 1,400 sqm commercial space in central Cluj, apartments and parking spaces.
