US investment fund Cerberus Capital Management, together with its regional partner Revetas Capital, have received several offers for the sale of The Landmark office complex in central Bucharest, UiPath’s headquarters in Romania, after dropping the price to the level at which it bought the property five years ago.
Uniqa Real Estate Management, the real estate asset manager of Austrian insurer Uniqa, is one of the bidders, real estate market sources say.
In 2020, the two partner funds put The Landmark up for sale at a price around EUR 75 million. Sources say there were also offers at that price, but no agreement was reached. Now, the price has been substantially reduced to over EUR 60 million, similar to what the property traded for in 2018.
The Landmark complex is located in the Roman Market area and consists of 3 office buildings with a total leasable area of 23,500 sqm.
Source: Profit.ro
