Thursday, 15 January 2026
Belgian real estate developer Atenor has decided to close its business in Romania, after the sale of the @Expo office complex in Bucharest, a transaction under discussion with investor Mondo Development, a new buyer on the Romanian market. By the end of March, the transaction should be signed, at a price of maximum EUR 55 million.
“Atenor has been active in Bucharest for more than 15 years. Initially, we started our activity in the office market, which has recently faced difficulties in terms of leasing and investments, especially due to the COVID-19 pandemic. In the meantime, we developed the UP-site residential project, which has been commercially successful, despite some operational challenges. We are currently analyzing several alternatives, with a focus on our residential activities,” Atenor representatives said.
The Belgians also completed two glass residential towers last year, one with 12 and the other with 25 floors, across the street from the Promenada mall in Bucharest. The Up-site Bucharest project includes 256 apartments.
Source: Profit.ro
