Solida Capital, a investment and asset management firm, completed its first transaction in Romania, buying Victoria Center from Manova Partners, formerly Macquarie Group. This transaction is the group inaugural investment in the region.
Victoria Center has a landmark position on Calea Victoriei, in the heart of Bucharest’s CBD. It offers c. 8,600 square meters of prime office space, distributed across 10 floors including retail area in the Ground Floor, a number of 92 parking spaces, and holds a BREEAM In-Use certification with an Excellent rating.
Manova Partners acquired the asset in 2015 for one of its multi-investor funds. During this time, the asset has been consistently well-let to a number of high-profile occupiers as Aon, nShift, Botezatu Estrade & Asociatii, Eversheds Lina & Guia, or The United Mexican States Embassy in Romania, many in the premises since the building’s delivery in 2010.
Romania’s real estate investment market closed 2024 with a total transaction volume of 750 million euros, marking the highest growth in transactional activity among the six largest economies in Central and Eastern Europe (CEE).