PPF Real Estate has made its debut on the Romanian market with the acquisition of Metropolis Center, an office building central Bucharest. The 19,000 sqm asset, which was bought from Soravia, is located close to Calea Dorobanti on Iancu de Hunedoara Boulevard. Tenants include EBRD, DLA Piper, Parexel, ING and Reckitt Benckiser. The building was developed on the site of the first printing office in Bucharest – Cartea Romaneasca. JLL represented the buyer.
”Romania is entering on the radar of other investors outside the few active in recent years. Attracting new names on the Romanian market is one of our main concerns and we are glad that we managed to convince so far investors like PPF or Logicor that Romania offers attractive opportunities for investing their money”, said Silviana Badea, National Director, head of Capital Markets Department JLL Romania. To date, she said, the total volume of investment has reached more than €400m in 2016. The largest real estate transaction concluded this year in Romania was the acquisition of Sibiu Shopping City by NEPI from ARGO Real Estate, totaling €100 million.
