Resolution Property and Zeus Capital Management complete first large scale office acquisition in Bucharest

Resolution Property and Zeus Capital Management have recently acquired Floreasca Park, a ca. 40,000 sqm office campus in the heart of Bucharest, the company announced.

The property was sold to the joint venture by a fund managed by GLL Real Estate Partners GMBH (a member of Macquarie Group).

Floreasca Park is Resolution’s first investment in Romania and Zeus’ fifth investment in the Bucharest real estate market, and represents the first acquisition of the joint venture between the two leading investment and asset management firms.

The high-quality office building is located in the vibrant Floreasca-Barbu Vacarescu area, one of the most sought-after business districts in Bucharest that is often also referred to as the “New CBD”. The Oracle-anchored property is comprised of two modern Class A office buildings that are connected via an underground car park for 586 cars. Other blue-chip tenants of the building include Kellogg’s, BASF, Saint-Gobain, Ursus Breweries, and ENI. The property is well-served by public transport links and offers a number of facilities for tenants, including a coffee shop and a bank unit.

The complex also meets high sustainability standards with features including water and heat recycling, natural cooling at night by a computerized window system, ground-sourced heat pumps, and use of groundwater for the cooling systems​.