The complex was developed by Swan Property, a company controlled by the investment fund Chayton Capital, which entered insolvency in January 2013, following the Court of Ilfov decision. The complex, with an area of 29,000 sq. m, was completed in 2011 and has an occupancy rate of approx. 35 %. The low occupancy was one of the reasons for the project’s insolvency.

The auction is scheduled for 31st of January, and the administrators are selling the three office buildings included in the complex, as well as the plot of land of 22866 sq. m where the complex is built and a 5,00 sq. m plot for future development, according to Mediafax.

The developer of the office complex Swan Office & Technology Park in Bucharest entered insolvency in March 2013. (source: wall-street.ro)