The transaction is estimated at EUR 9 million.
This is the third boutique office building in Bucharest sold by Bluehouse Capital, after Olympia Tower (9,955 sqm), sold for EUR 20 mln in January 2020, and Victoria Office (8,256 sqm), previously sold to GLL Real Estate partners for approx. EUR 27 mln in 2015. Bluehouse Capital still holds a stake in the City Gate landmark office building in northern Bucharest, alongside GTC.
The buyer, Dona group, owns two other boutique office buildings in Bucharest: Izvor 80 Office Building (6,600 sqm) and Rosetti Business Center (2,600 sqm).
"Astoria Business Center is one of the boutique office buildings that won the interest of investors in 2020 through the premium location - being located in the ultra-central area and the flexibility of class A office spaces. In total, this business center has a leasable area of 4,200 sqm with office space, to which is added an area of 420 sqm of terraces. The building also has 48 parking spaces, arranged on the two levels in the basement. The construction has a BREAM Very Good green building certificate, being energy efficient”, precizează consultantul tranzacției Adrian Călinescu de la ESOP Consulting | CORFAC International, who advised on the transaction.