According to Economica.net sources, the transaction value will be under 90 million euros.
Although estimated to fall from 120 million euros in 2007 to less than 90 million now, given the age of about 13 years of the GTC's real estate, America House will remain a landmark, being the only office building sold with a 5.6% yield by GTC Israeli developer in 2007 to AEW, part of the Natixis group.
The potential completion of the transaction is nevertheless obvious because America House is one of the most important office buildings in Romania. Although relatively old, being delivered in 2006, America House remains the most spectacular transaction in the history of the Romanian real estate market due to the 5.6% yield, the smallest in history. (source: economica.net)
