Adventum Group, a CEE focused real estate investment manager, entering the Romanian real estate market through the acquisition of Hermes Business Campus, an office complex located in the north Bucharest.
Adventum’s first investment in Romania marks the biggest office transaction in Bucharest in 2021 as well as the largest investment of a new real estate player in Romania since 2018, CBRE Romania assisted Adventum Group in the acquisition.
“The record size of this deal closed by our client, Adventum, is an important sign of trust in the Romanian market, being the largest new entry on the local market in the last three years. Is also a vote of confidence for the office leasing market. Investors are reverting to this segment with confidence and we expect it to be their main point of focus over the next year”, said Mihai Patrulescu, Head of Investment Properties, CBRE Romania.
With a total surface of 75,000 sqm, Hermes Business Campus (HBC) was acquired by Adventum for the Quartum real estate fund, which now has more than 200,000 sqm of leasable area in Poland, Hungary and Romania. The two first buildings HBC 1 and HBC 2 are fully leased to renowned tenants such as DB Schenker, Luxoft, Lavalin, Mondelez, the Dutch Embassy and Xerox and the last HBC 3 building will continue to be fully occupied by Genpact, for at least the next seven years.
“It is important to notice that both transactions of Hermes Business Campus and Campus 6.2 and 6.3, where CBRE also assisted the buyer, mark a return of a trend in the office market: the trading of large, multi-building projects. This is a natural response to the large leasing demand we have seen since 2016, when there was a constant flow of new tenants setting up businesses in Romania”, added Mihai Patrulescu.
