Business Forum • 21 October, 2024 at 10:58 AM
Bluehouse Capital sold to a private Romanian investor the former Eva retail property in downtown Bucharest in a transaction valued at approximately €8 million, brokered by real estate consultant SVN Romania. The commercial property has a leasable surface of approximately 1,700 square meters; Mega Image retail chain has been operating a unit in the space since the end of 2014.
”We are seeing an increased appetite from medium and large investors for long-term leased properties by established retail operators and we are currently looking at other opportunities for our portfolio of investors. Large international retailers but also domestic players will continue to expand in the coming years with a large number of new stores and the high street retail segment but also retail parks will offer high returns to investors and owners,” stated Eduard Beuran, SVN Romania.
Nestor Nestor Diculescu Kingston Petersen law firm advised Bluehouse Capital, while ONV LAW assisted the buyer.
Bluehouse Capital is an investment firm involved in the acquisition, development and management of several representative real estate projects in Romania, including the Expo Business Park, City Gate, Olympia Tower, Victoria Center and Astoria Business Center office projects.
SVN Romania is one of the most important real estate consultants active in Romania and the company with the most extended activity on the residential segment. SVN Corp. has over 200 offices in eight countries and regions, with over 2,100 consultants and staff.