The portfolio includes four office buildings with a total area of 9,047 sqm, placed from the north of Bucharest to its center.
EBP owns primarily logistics assets and industrial land. The office portfolio was purchased in 2006 and 2007 and managed since the acquisition by the asset and property management company Equest Investments SRL.
Adam Europe, a vertically integrated real estate investor and developer, under the coordination of Isaac Cohen Hoshen, acquired Phoenix Tower and Construdava Business Center in 2016, respectively 2017, announcing in this way the re-entering of the group on the Romanian market, which is under the extension of its portfolio of office buildings, but also the development of new residential projects, such as Reveria Palady 43 of Eastern Bucharest.
This year, the office segment will be the main attraction of the real estate investment market in Romania. Products are available, so, by end-2019, yield compression could happen quickly and the investment volume on the office sector could reach EUR 1 bn.