The transformation of Grozavesti – until recently an uninspiring district of student flats and old industrial buildings in Bucharest – illustrates a new chapter in the Romanian capital’s property investment story.
After a collapse in investment volumes following the financial crisis of 2008, this year will be the market’s best performance since the property crash, according to Colliers International Romania, which recorded €400m in transactions by the end of August and is predicting €1bn by the end of the year.
This citywide revival is reshaping the map of the city’s premium office space.
