First Property Group sells Dr. Felix 87 office building in Bucharest to Bucur S.A.

First Property Group has sold the Dr. Felix 87 office building in Piața Victoriei, Bucharest, to Bucur S.A., a company listed on the Bucharest Stock Exchange. Colliers acted as the exclusive sell-side advisor.

“Colliers acted as the sell-side advisor for this transaction, which closed on October 1, 2025. The deal highlights the growing interest of locally listed companies in income-generating real estate assets and confirms the appeal of well-positioned office buildings in established Bucharest submarkets. We are pleased to have supported First Property Group throughout this process and to have contributed to the successful completion of a deal that brings a Romanian investor such as Bucur S.A. into the spotlight. The market remains active and diverse, with sustained appetite for well located assets,” said Simina Niculita, Director | Partner | Retail Agency at Colliers.

The Dr. Felix 87 building provides 2,850 square metres of office space, fully leased to consultancy firm Vulpoi & Toader Management. Completed in 2006 and acquired by First Property Group in 2007, it is located in one of the city’s most established office areas.