Morgan Stanley is also in talks to buy the America House office building in Piata Victoriei, the same sources said.
Hermes Business Campus has been for sale since early 2017, and a deal involving it would be the largest sealed for something in the Dimitrie Pompeiu area. Commenting on potential talks with Morgan Stanley, Sven Lemmes, country director of Atenor for Romania, says there are none in progress.
The sale of the Hermes complex comes at a time when the largest office space deals were concluded at yields of 7.25% to 7.5%, while the yields are headed towards 7% this year, driving prices up.
The record deals of 2018 were the sale of The Bridge office space complex to DIY retailer Dedeman for EUR200 million and the sale of the Oregon Park complex to Lion’s Head for EUR160 million to EUR170 million.
If the deal involving Hermes Business Campus materializes, Atenor will compete with the deals sealed last year for most expensive office complex sold in Romania.
(English version by Loredana Fratila-Cristescu)