CBRE advised Siemens on the sale of its headquarters in Sofia

CBRE has successfully acted as the exclusive sell-side advisor in the disposal of the Siemens administrative building in Sofia. The transaction marks a significant milestone in the evolving investment landscape of Bulgaria’s capital.

The property, with a gross built area of 10,100 sqm, is located in Zaharna Fabrika, a rapidly evolving district in northwestern Sofia. The property served as the Bulgarian headquarters of Siemens for decades. Its immediate functionality and adaptability for a variety of uses made it a highly attractive asset. The strategic location, strong connectivity, and the area’s ongoing transformation positioned the property as a prime candidate for repositioning and long-term value creation, ultimately driving strong investor interest and a successful sale.

The Investment Properties team of CBRE South Eastern Europe (CBRE SEE) led a comprehensive due diligence and structured sales process, leveraging deep market insight, tailored advisory, and hands-on execution to deliver a successful outcome.

“The site’s high redevelopment potential, combined with the ongoing transformation of Zaharna Fabrika into a vibrant residential and commercial hub, positions the asset as a strategic long-term investment. The area’s improving infrastructure, growing population, and increasing investor interest are expected to drive sustained capital appreciation,” said Stefani Hristova, part of the Bulgarian Investment Team within CBRE SEE.

“This transaction reflects the increasing maturity and resilience of Sofia’s investment market. We are proud to have advised our client as part of their broader strategy, allowing them to align with their future operational goals,” added Nataša Šebez, part of CBRE SEE’s Investment team.

“The sale of the Siemens headquarters in Sofia marks a significant deal for the Bulgarian capital market and proves the potential of the Zaharna Fabrika area. This transaction further strengthens CBRE’s position as a leading real estate consultancy in the South Eastern Europe region and reinforces our commitment to delivering exceptional outcomes for clients across the region,” added Uroš Grujić, Head of Investment Properties for the SEE region at CBRE.