Hungarian investor reported to be in talks for office purchase in Bucharest

Business Forum

25 October, 2024 at 9:00 AM

Hungarian investor Gránit Asset Management, with HUF 1,100 billion of assets under management, is reported to be nearing a deal for the purchase of the Equilibrium 1 building in northern Bucharest from Skanska, Romanian media reports.

The building has a leasable area of 19,500 sqm and is part of a complex that includes two office buildings. The estimated value of the transaction hovers around €50 million, according to Profit.ro. If completed, the deal would mark the entry of the company into the Romanian commercial real estate market.

Gránit Asset Management manages Hungary's third largest retail real estate fund - Magyar Posta Takarék Real Estate Investment Fund. Gránit's portfolio includes office buildings such as Alkotás Point, Green House, V17 or the A, E and G buildings of Infopark. In addition, Gránit has a significant retail park portfolio, including Shopmark center and Zone Parks, as well as business parks like the South-Pest Business Park.

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