Transilvania Insolvency House had started direct negotiations with four investors after the starting price was cut last month from EUR42.7 million to EUR31 million.

Ziarul Financiar cited real estate sources as saying that the four investors were GTC and Neocity groups, Greek businessman Ioannis Papalekas, shareholder of Globalworth group, and a group of investors.

The compound’s tenants include eMag, Flanco, Mercedes, BIC and Bilfinger.

The project, developed by UK’s Chayton Capital, entered insolvency in January 2013, following a decision of the Ilfov Court, due to the low occupancy rate and, as a result the lower than expected revenue, as well as the high spending on marketing, consultancy and management services.

Swan Office & Technology Park is an investment of over EUR50 million.