The transaction is due to be completed in the second quarter of 2022.
The Expo Business Park complex was completed by the Portland Trust in the summer of 2019. It consists of three buildings with a leasable area of 41,500 square meters. The underground car garage can accommodate 600 cars.
Tenants include, among others, MagnaPharm Marketing & Sales Romania (former A&D Pharma), Deutsche Leasing, Mars, Omega Pharma, Regus / Spaces, Royal Canin and World Class. The third building, with a surface area of 18,000 sqm, is fully leased, on the long term, to ING Bank, which has its headquarters there.
With the new acquisition, S Immo, which also owns the Sun Plaza shopping center, the offices Sun Offices, The Mark office buildings and the Novotel Hotel, is increasing its Romanian portfolio to almost EUR500 million.