Further evidence of Bucharest’s return to favor in the eyes of international investors is expected to be found in a deal for Victoria Center. The developer of the office building, Bluehouse, which is active across Central and Eastern Europe. The building is located near the Romana Square and Victoria Square metro stations. It’s believed that GLL is behind the acquisition and that the selling price of around €26m represents a yield in the high mid-7s. A closing is expected by the end of the month. In August, it emerged that GLL had purchased Floreasca Park in Bucharest from Portland Trust.
