The @Expo building was developed by Atenor, delivered in 2023 and obtained BREEAM “Outstanding” and WELL “Platinum” certifications. Currently, it is just 29% leased.
The private real estate investment firm acquiring the asset intends to hold it for the long term, a strategy that is particularly suited to the Bucharest office market since 2022.
“Through this disposal, we are achieving, early in 2026, a further significant reduction in our net financial debt of €52 million. This transaction strengthens our financial position and generates additional liquidity to support the construction of selected projects as well as the assessment of new investment opportunities. The disposal of the @Expo building, combined with the full commercialization of the Upsite residential project, also in Bucharest, marks the end of our activities in Romania. This decision is part of a broader simplification of the Group’s structure and will result in lower overhead costs. The disposal had a negative impact of €30.5 million, which was recorded in the 2025 financial year,” the statement reads.
With the completion of this transaction, Atenor achieves a further milestone in the execution of one of the key pillars of the 2025–2027 plan: the gradual reduction of exposure to the Central European office market, supporting the reduction of consolidated net debt. “Fully aware of the impact of the difficult decisions taken during 2025 and at the beginning of 2026, in a demanding market environment, we remain confident in the successful delivery of the 2025–2027 plan. This confidence is based on the strength of our teams and the resilience of our portfolio which, following this disposal, consists of 62% residential assets, representing more than 5,500 homes,” the statement also shows.