The acquisition price amounted to €28.6 million and was funded by a combination of bank debt to “THE GRID SA” from Piraeus Bank and equity.

Sources familiar with the ongoing negotiations cited by local news agency unveil that the deal would be Romania's largest upon completion.

The project was supposed to be built on part of the land of the former Grivita factory.

The property has a rental area of around 23,700sqm and 325 parking spaces

Helix Investments Limited is the holding company of the BizSpace business.

The seller is Blue Colibri Capital Partners Fund II SCA, a Luxembourg-based SICAV-SIF.

The property is part of the Europe Select portfolio for institutional investors.

The budget of the project is estimated approximately at €19 million.

The company has a plot of 18,730 sqm. in Neos Faliro with a permit for the construction of a building complex of 57,450 sqm.

The property was acquired in September 2018 for €965.000.