The deal, put at some EUR10 million, would be their second this year, after Adamerica bought Phoenix Tower office building in the Bucharest Vitan district in March.
This is Aberdeen’s third exit from a business in Romania, following the sale of the Auchan Titan Shopping Center for EUR86 million to South Africa’s NEPI last year and the sale of Phoenix Tower to Adamerica.
Construdava was the first office building built in Pipera (north of Bucharest) and has a lettable area of about 7,000 square meters. The office building was announced in 2003 and inaugurated in the summer of 2006 and its developer was Impact, which is now developing the Greenfield residential district in the north of Bucharest. Impact sold Construdava for EUR19 million to UK’s European Property Convergence Company in 2006, which in turn sold it to DEGI for EUR26.5 million in 2007.
Construdava tenants include Metro Systems and real estate developer Shikun & Binui & Red Sea Romania, which owns the CityPoint residential complex.
(English version by Loredana Fratila-Cristescu)