Thursday, 19 March 2026
Smartown, the group through which Israeli billionaire Teddy Sagi carries out his real estate investments in Romania, is selling all the office buildings it owns locally, and the Swan Office project in Pipera, wants to be transformed into a complex with apartments, a school, medical facilities and an aparthotel.
Smartown Investments is already working on an urban project that provides for the transformation of the 3 buildings in the Swan Office & Technology Park complex, in the context in which the rental rate of the commercial property is low. The 3 office buildings in Swan have a total leasable area of 24,440 square meters, plus 4,684 square meters of retail space.
Recently, the owner of the complex announced that Mercedes-Benz Romania, Maserati, Chery, Daimler Truck & Bus and a global electric vehicle manufacturer have established their offices and showrooms in Swan Office & Technology Park, occupying a total leasable area of 9,000 square meters. Previously, eMag and Altex also had their headquarters in Swan, but they have moved.
Teddy Sagi bought Swan in 2016 for EUR 30.3 million.
Source: Profit.ro
