S IMMO AG: S IMMO AG purchases two Class-A office buildings

S IMMO AG: S IMMO AG purchases two Class-A office buildings in Bucharest


S IMMO AG: S IMMO AG purchases two Class-A office buildings in Bucharest
Vienna (pta009/14.12.2020/07:45) -
Stock exchange listed S IMMO AG has purchased two properties of the business park Campus 6 in Bucharest from the Swedish development and construction company Skanska with a total investment volume of EUR 97m. Together, both buildings have got a total leasable area of nearly 38,000 square metres and are fully let. Key tenants are Microsoft and Société Générale, one of France's most relevant commercial banks.
The Campus 6 consists of four building components and is located in Bucharest's well-established sub-market Center-West. Since it is in the vicinity of the Technical University, this area is of great significance especially for IT companies. Its direct connection to the subway as well as to busses and trams further increases the attractiveness of this location. The two eleven-story A-class office buildings also have got two basements with 463 parking lots. Both buildings have been already pre-certified with LEED Gold and WELL Silver. Campus 6.3 is already delivered, and Campus 6.2 will be delivered in Q1 2021. The transfer of the property to S IMMO's portfolio is scheduled for the second quarter of 2021.

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