JLL advised PPF Real Estate, owned by Czech billionaire Petr Kellner, in the EUR50 million transaction, which was the first real estate transaction carried out by the investment fund in Romania.
“One of our main concerns is attracting new names on the local market and we are glad that we have managed to convince investors such as PPF or Logicor that Romania also provides attractive investment opportunities,” said Silviana Badea, national director, head of Capital Markets Department JLL.
Metropolis Center was sold by Austrian company Soravia and has 19,000 sqm. Its tenants include the European Bank for Reconstruction and Development (EBRD), law firm DLA Piper, Parexel, ING and Reckitt Benckiser.
In the first nine months of the year, the volume of real estate investments attracted by Romania exceeded EUR400 million, and for the entire year, JLL estimates that total real estate investments will reach EUR600 – 700 million.