Papalekas and Dragos snap up Tower Center

According to ZF, the Tower Center on Victoria Square in Bucharest has been snapped up by Ioannis Papalekas and Bîlteanu Dragos, two of the strongest real estate investors in the local market. The two don’t tend to be excessively forthcoming about the deals they do, so it’s not a surprise that the pricing details haven’t surfaced yet. But they’re unlikely to have paid what the developers, Industrialexport and Avrig 35, originally envisioned, as ZF claims the building has no tenants yet. With its 22 floors and a height of 106 meters, it’s described as the tallest completed office tower in town since the doors opened in 2008.

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One response to “Papalekas and Dragos snap up Tower Center

  1. Europeans are capitalizing on the Luxury Oceanfront properties in South Florida. They are taking advantage of pricing and feeling secure that when they purchase a condo they can just lock up an leave. Not having to worry about the keeping the property maintained.

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