Originally built in 1930, Magazinul Bucuresti has a total lettable area of 3,150 square meters on seven floors.
The building, which was one of the most important shopping centers before 1989, was bought by Dutch investors Heinen Gerard and Baakman Johannes Jozefus Maria, at the end of 2013, for over EUR4 million, from the heirs of the Bunescu family, the original owners.
Reconstruction works started in September 2018.
Real estate consulting firm Colliers International Romania has been appointed exclusive agent for the lease of the project.