Our group has completed the sale of the historic Dionisie Lupu office building, one of the landmark properties in central Bucharest. The transaction, concluded at a yield of 8.2%, confirms the appeal of premium assets that combine architectural value with modern functionality.
Built in 1866 and fully renovated in 2013–2014, the building remains a reference point for its area, hosting top companies from diverse industries.
“The sale of Dionisie Lupu Office Building marks a strategic milestone in our portfolio optimization process. This landmark property reflects our commitment to investing in premium assets that combine historical value with modern functionality. We are pleased to hand it over to a real estate group we trust will continue to enhance its potential in the heart of Bucharest”, said George Dragan, CEO Smartown Group.
