Europolis buys 2 office buildings for 90m euros

Europolis has acquired two class A office buildings currently under construction in the Sema business park in Bucharest from the River Invest developer in a transaction worth over 90 million euros. “We have decided to acquire these two class A buildings because they bear many similarities to a project in Prague we bought that was also close to a river. Following this acquisition, Europolis investments in Romania reached 265 million euros,” Stefan Gheorghiu, general manager of Europolis Romania told ZF. The first of the two buildings in the Sema Parc project currently under construction is set to be completed by the last quarter of next year and will have a lettable area of 15,000 square metres. The other building, which is due for completion in early 2008, will have a lettable area of 27,000 square metres. The two buildings together will have a potential lettable surface area of 42,000 square metres. Some 65% of the available space in the first building is already pre-rented, according to Europolis representatives.