Ethos House is a boutique-style property with a leasable area of approximately 8,000 square meters. Current tenants in the building include Forte Partners, Viterra, Simec, Arval, and Crosspoint Real Estate.
The property was purchased from Greek entrepreneur Anastasios Gkotsis, and the transaction is estimated to be worth around 25 million euros.
With this acquisition, Pavăl Holding strengthens its position in the Romanian office real estate market, bringing its total portfolio to 356,000 square meters.
The transaction was announced by Narcisa Pătrulescu, Head of Real Estate Investment at Pavăl Holding: "Ethos House: A new chapter. We are pleased to announce the successful completion of the acquisition of the Ethos House building, an emblematic landmark in the Floreasca neighborhood, Bucharest. This boutique space, with a distinct personality, is a valuable addition to our portfolio. We thank everyone involved – we look forward to what comes next!"
