Solida Capital Europe, Advised by Colliers, Acquires Victoria Center

Investment company Solida Capital Europe entered the Romanian real estate market with the acquisition of the Victoria Center office building from Manova Partners, formerly Macquarie Group, in a transaction in which Colliers acted as advisor to the buyer.

Victoria Center has a landmark position on Calea Victoriei, in the heart of Bucharest’s CBD. It offers c. 8,600 square meters of prime office space and holds a BREEAM In-Use certification with an Excellent rating, being a modern, efficient, and sustainable property.

Victoria Center hosts leading tenants from the law, IT and financial services sectors, including Aon Romania, nShift, Botezatu Estrade & Asociatii, Eversheds Lina & Guia. The United Mexican States Embassy in Romania has also recently chosen the building as its headquarters. The Central Business District (CBD) remains the most sought-after location in the city, boasting the highest rental growth over the past two years, growing by nearly 20%.

“The acquisition of Victoria Center represents a strategic step in expanding our real estate portfolio across Central and Eastern Europe. This investment underlines our commitment to identify and seize quality opportunities in high growth markets in line with our core mission of aggregating value through our asset management expertise. The successful completion of this first milestone in Bucharest will open in the near future new opportunities to explore”, says Joao Saracho, Managing Director at Solida Capital Europe.
Colliers represented Solida Capital Europe from the beginning of the acquisition process to closing and provided end-to-end advice and support closely collaborating with Solida’s team and advisors.

“We are grateful to Solida Capital for their trust in our advice during their strategic market entry into Romania. There is hardly a better way to access this high potential market than the acquisition of Victoria Center executed by Solida. We look forward to seeing their investment thrive and to the growth of Solida in Romania”, states Robert Miklo, Head of Capital Markets at Colliers.

“We congratulate and welcome Solida Capital to Romania and look forward to strengthening our relationship by providing Property Management services for the newest landmark asset in their portfolio, Victoria Center”, notes Ștefania Baldovinescu, Senior Partner for Asset Services at Colliers.