The three office buildings sold by Hexagon, Vivido Business Center, Advancity Business Center and Cube Office total a rentable area of approximately 20,000 sqm of offices and house tenants such as Porsche Engineering, Bosch, Vertiv, Riverbed or Metro Systems and Natuu. The buildings were purchased by Ideal Projects Services, in a transaction that was advised by CBRE Romania and local partner Cristian Șimon, QC Property.
The sale of the three buildings of the Hexagon group represents one of the most important transactions in the office market in Cluj-Napoca, together with the acquisition of The Office building for 129 million euros and of LibertyTechnology Park for about 35 million euros.
In the first nine months of 2019, Romania attracted an investment volume of 585 million euros, of which 60% were in Bucharest, 29% in Cluj-Napoca and 11% in other secondary cities, according to CBRE Research data. The agency estimates that the total volume of transactions in Cluj-Napoca will reach the threshold of 200 million euros this year. In the first nine months, the office market remained the center of attention, attracting 50% of investments, followed by the retail sector with 27% and industrial, with 9% of the traded volume. (source: CBRE)
