This would be the second deal between Dedeman and Ovidiu Sandor, if the Paval brothers also bought The Office building in Cluj-Napoca, for which they are already engaged in advanced talks.
In 2018, the Paval brothers bought the three buildings of The Bridge office space project in capital Bucharest, from Forte Partners, in the largest office building transaction carried out so far on the Romanian market.
ISHO’s tenants include, among others, Bosch Service Solutions, which leased four floors with a total surface area of 6,600 square meters of office space, Survey Sampling International and KPMG.
Overall, the ISHO Offices office space project consists of three phases. The first phase, with a total 16,000 sqm, was completed in the first quarter of 2018, the second phase, with another 17,000 sqm, is due for completion in the upcoming period, and the third phase, with other 17,000 sqm of lettable office space, is due for completion in the first quarter of 2020.
End-March 2019, Dedeman reached an agreement with property investment company NEPI-Rockcastle and businessman Ovidiu Sandor to buy The Office building in Cluj-Napoca in the largest deal outside Bucharest, market sources said at that time.