The H Tudor Arghezi 21 building is located near University Square and dates from 1966. It is the second office project Hagag is developing in Romania. It has a total built area of 6,975 square meters and has an occupancy rate of 100%.
Hagag Development Europe is the most active player on the local market on the restoration and consolidation of old and historical buildings and their conversion into state-of-the-art office spaces or luxury residences.
Hagag has acquired and will be restoring the Stirbey Palace, a historical monument in downtown Bucharest. The developer plans new acquisitions of historical buildings in Bucharest this year, for which it has a budget of EUR100 million.