Adventum pays around €150 million for office project in Bucharest

Belgian developer Atenor announced it signed the agreement for the sale of Hermes Business Campus three-building office project (75,200 sqm GLA) in the north of Bucharest to Adventum Group, a boutique investment fund registered in Malta.

Adventum is owned and run by several real estate professionals in Hungary.

Converging sources estimate the deal at over  €150 million, which makes it among the biggest on the Romanian market and the biggest one this year so far, Profit.ro reported.

Atenor completed the third building in the Hermes Business Campus in 2016, and the group’s total investment in the project was about €90 million.

The Hungarian group Adventum, wholly owned by the management team led by Kristóf Bárány, has assets under management of over  €250 million. The fund’s management has so far made more than €1.5 billion in investments in the Central and Eastern European region.