Also, Morgan Stanley is still interested to buy America House offices in Victoria Square, according to the same sources.
The Hermes Business Campus project has been on sale since the beginning of 2017, and this would be the largest office transaction in Dimitrie Pompeiu area in Bucharest. However, Sven Lemmes, country director of Atenor for Romania, didn’t confirm the negotiations.
The sale of Hermes offices comes in the context in which the largest office transactions last year were realized with yields of 7.25-7.5%, while this year the returns on investments went to 7%, which leads to a rise in prices. (source: zf.ro)