Tuesday, 21 October 2025
The Merchant Dimitrie Petrescu’s House, a heritage property located on Calea Griviţei no. 115, has been acquired by the Sector 1 Local Council for EUR 1.7 million to be transformed into an educational and cultural center, announced the Romanian branch of Sotheby’s International Realty.
Built in 1895 by merchant Dimitrie Petrescu, the building is an architectural landmark of late 19th-century Bucharest. With a land area of 682 square meters and a built-up area of 1,656 square meters, it has a market value of over EUR 2.1 million, according to the standards of the National Association of Authorized Appraisers of Romania (ANEVAR).
The property currently has an architectural project for the restoration of the facade, interior redevelopment and the transformation of the attic into a loft.
