S IMMO purchased Campus 6.2 and Campus 6.3 office buildings developed by Skanska in the Center-West submarket of Bucharest.
The transaction volume is approximately EUR 97 mln.
The two buildings have a rentable area of nearly 38,000 square meters and 463 parking spaces. Currently, 99% of the buildings are leased by companies such as Microsoft and Société Générale European Business Services.
Campus 6.3 has already been delivered in October 2020, and Campus 6.2 is due to be completed in the first quarter of 2021.
The new buildings acquired by S IMMO, Campus 6.2 and 6.3, increase the office portfolio of S IMMO in Romania to over 73,000 sqm of GLA, together with the existing office buildings, The Mark and Sun Plaza Offices.
At the end of this year’s first nine months, the total investment volume in Romania accounts for EUR 521.4* mln (*including GTC shares transaction), with office buildings as the most traded sector, accounting for 90% of the total national transaction volume, according to the CBRE Research data.
At the end of the third quarter of 2020, prime yields remain stable for the office and industrial segments.