Colliers International advises the sale of Construdava office building in Bucharest
Aberdeen Asset Management Deutschland AG signed a sale agreement of Construdava building in Bucharest to AdamAmerica, the third transaction in which Aberdeen Asset Management Deutschland AG was advised by Colliers International, a press release shows. 2017-01-12 13:41:15
Construdava is an office building with total surface of 9,400 sqm, located in the north-eastern part of the city, directly on the Pipera-Tunari main road. The building is fully leased by Metro Systems, the internal information technology provider of Metro Group. Metro Systems Romania is the 8th largest software company in Romania and has a team of 800 IT professionals working for more than 30 countries.
The transaction has been advised by Colliers International and Cameron McKenna Romania law firm, as seller's consultants. The buyer, AdamAmerica, has been represented in this transaction by Biris Goran law firm.
"The sale of Phoenix Tower last year and then of Construdava confirms the interest for medium sized office buildings, supported especially by easier access to financing," said Simina Niculita, associate director within Investment Services at Colliers International. "2016 was a dynamic year in terms of transactions with office buildings, this being the fourth transaction closed by Colliers in 2016."
According to Colliers, the real estate investment market in Romania is on a rising trend as both the volume of closed transactions and the interest from foreign investors registered sizable increases due to favourable international capital flow dynamics, positive macro-economic environment, and last but not least an improved financing environment. 2016 maintained a comfortable market liquidity, marking a total investment volume of 720 million Euro.
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