Smartown Group sells historic Dionisie Lupu Office Building in Bucharest

Smartown Group has completed the sale of one of its premium commercial assets in Romania, the historic Dionisie Lupu office building. The transaction was concluded at a yield of 8.2%.

The building features a 100% occupancy rate, with tenants including Cyber Ghost, Instore Power Provider and Med Beauty.

“The sale of Dionisie Lupu Office Building marks a strategic milestone in our portfolio optimization process. This landmark property reflects our commitment to investing in premium assets that combine historical value with modern functionality. We are pleased to hand it over to a real estate group we trust will continue to enhance its potential in the heart of Bucharest”, said George Dragan – CEO Smartown Group.

Located in the heart of Bucharest, near Piața Lahovari and Bulevardul Magheru, the property comprises two interconnected office buildings spread across four floors, with a total area of 2,470 sqm.