The value of the transaction is estimated at approximately EUR 8 million. Previously known as the headquarters of Longshield Investment Group in Bucharest, the office building strategically located at 16 Splaiul Unirii, with a total area of 9,750 square meters, is home to more than 60 companies.
Praktiker Real Estate representative, points out, “We are pleased to add the Muntenia Business Center building to our asset portfolio. This acquisition reflects our strong commitment to invest in real estate that delivers long-term sustainable value and meets the dynamic needs of the market. It also strengthens our strategic partnerships and reaffirms our commitment to providing the best real estate solutions.”
Florian Dinu, Managing Director, Voluthema Property Developer (part of Longshield Investment Group), said “In line with new trends in the real estate market, we have chosen to shift resources to other projects with high growth potential, and the sale of the Muntenia Business Center building marks an important moment in our strategy to leverage the Longshield Investment Group portfolio, showing our commitment to creating shareholder value. The collaboration with Praktiker Real Estate Romania underlines the attractiveness and potential of our assets to attract reliable investors and contribute to the sustainable development of the real estate market.”
“The Muntenia Business Center transaction is part of a concerted effort to align the asset portfolio with Voluthema’s long-term strategy, […] It is essential that companies’ portfolios are constantly adapted to market dynamics and this transaction underlines Crosspoint’s commitment to creating added value for our partners,” explains Codrin Matei, Principal Partner, Crosspoint.
