Real estate developer Hagag Development Europe added a new investment to its assets portfolio. The company has recently purchased an office building located on 5-7 Vasile Lascar street, 400 meters away from Bucharest’s KM 0 area.
The building covers a surface of more than 1,000 sqm and has gross built area of over 6,000 sqm of office spaces, displayed over seven levels.
“With this new transaction, we are not only strengthening our presence in Romania as a long-term investor and dynamic real estate developer, but we are reiterating, as well, Hagag Development Europe’s promise to contribute to the renewal and modernization of central areas by reviving some of the old buildings that have not only historical, but also cultural and heritage value. I am happy to see that, with each investment we add to our portfolio, our vision for Bucharest is progressively materializing.” said Yitzhak Hagag, co-founder and shareholder of Hagag Development Europe.
