Belgian developer Atenor has successfully completed the sale of the @Expo office campus, with CBRE and Colliers representing the seller under a co‑exclusive mandate. The transaction underscores Atenor’s ability to deliver high quality assets that attract strong interest from investors seeking modern, sustainably built office projects in established areas of Bucharest.
The @Expo project is located on Expoziției Boulevard, in northern Bucharest, and comprises a three-building office complex with approximately 50,000 square meters of GLA and 740 underground parking spaces. The ground floor includes around 3,200 square meters of retail space. The scheme is BREEAM “Outstanding” certified – the highest rating awarded by this international sustainability standard, which assesses building performance in terms of energy efficiency and environmental impact. The buildings were delivered in phases in 2021 and 2023 and have been designed to meet the current needs of occupiers, integrating advanced technical specifications, energy-efficient solutions and well-being-oriented amenities. The campus hosts tenants from sectors such as IT, telecommunications, pharmaceuticals and business services, and offers further potential through active asset management.
Robert Miklo, Head of Capital Markets at Colliers Romania said: “@Expo Bucharest stands out through its high-quality specifications and strategic location, reflecting the development and sustainability standards of Atenor. The sale reinforces the appeal of Bucharest’s office sector and confirms investor appetite for well-positioned assets with operational growth potential. We are pleased to have assisted Atenor, together with CBRE, throughout the disposal process and to see new capital entering our market”. Robert Miklo led the divestment process for Colliers together with Ionuț Mandanac, Associate Director, Capital Markets.
Mihai Patrulescu, Head of Investment Properties at CBRE Romania said: “The sale of @Expo highlights the growing maturity of Bucharest’s prime office sector and the strong appeal of Romania to foreign capital. High-quality, sustainable assets continue to draw long-term investors, proving the market’s resilience. This transaction not only reinforces confidence in the city’s office fundamentals but also drives broader economic growth by attracting international capital aligned with strict ESG standards”.
The transaction comes at a time when Romania’s real estate investment market is beginning to regain momentum. According to Colliers’ annual report, total transaction volume in 2025 reached approximately €525 million, and moderate growth is anticipated in 2026, with the potential to exceed 750 million euros, under a favorable scenario, approaching 1 billion euro. The office segment accounted for approximately one third of total transaction volume in 2025, and the entry of new investors into the market through institutional acquisitions confirms the segment’s attractiveness to international capital.
Prime office yields remained at around 7.50%, a competitive level regionally, supported by market stabilization and the gradual return of bank financing. The Expoziției – Piața Presei – Montreal submarket has consolidated in recent years as one of Bucharest’s emerging hubs, benefiting from a mix of office developments, residential projects, and urban amenities. Proximity to Herăstrău Park, easy access to the city center and direct road connections to the airport underpin the area’s appeal for occupiers and investors.
Existing infrastructure is set to be enhanced by planned connectivity projects, including the future M6 metro line, which will connect the area to Henri Coandă International Airport, further strengthening Expoziției’s medium-term positioning as a mixed-use business and residential hub. In a context where Bucharest’s office market recorded no new deliveries in 2025 – the first year in over two decades without completed projects – the shortage of modern, well-located and ESG-certified buildings continues to support demand for assets such as @Expo. Vacancy fell to approximately 11.75% at the end of last year, while upward pressure on rents in established areas remains present.
Through this transaction, @Expo joins a series of office assets acquired in recent years by new investors entering the local market, reinforcing Romania’s position as a competitive destination in Central and Eastern Europe. Against the backdrop of limited new supply and demand focused on modern, energy-efficient buildings, institutional-grade assets such as @Expo remain attractive to international capital and support the increase in liquidity of the investment market.
About Colliers
Colliers (NASDAQ, TSX: CIGI) is a global diversified professional services and investment management company. Operating through three industry-leading platforms – Real Estate Services, Engineering, and Investment Management – we have a proven business model, an enterprising culture, and a unique partnership philosophy that drives growth and value creation. For 30 years, Colliers has consistently delivered approximately 20% compound annual returns for shareholders, fuelled by visionary leadership, significant inside ownership and substantial recurring earnings. With $5.5 billion in annual revenues, a team of 24,000 professionals, and $108 billion in assets under management, Colliers remains committed to accelerating the success of our clients, investors, and people worldwide