Bluehouse is nominated for “Investor of the Year” at the 9th Annual EuropaProperty SEE Real Estate Awards Gala & Forum, which will be held in Bucharest, April 21, 2016 at the Radisson Blu Hotel.
Bluehouse sold its stake in City Gate to GTC in January 2016 to GTC, one of the leading commercial real estate companies in Central, Eastern and Southern Europe. City Gate was developed in a joint venture between Bluehouse and GTC, and is one of the most prestigious office buildings in the central business district of Bucharest. It is currently leased to international tenants such as Microsoft, Millennium, Knauf, Roche, Romtelecom and Rompetrol. The land plot was acquired in June 2006, and two Grade A office towers totaling 47,638 sqm were delivered in November 2009. City Gate was voted Building and Office Development of the Year in 2009 by CEE Quality Awards, was given the Green Building Award at the Europa Property SEE Real Estate Awards in 2011, and also received Green LEED “Gold” accreditation, in line with our commitment to high environmental standards as a means to add value.
Bluehouse sold the Victoria office center in Bucharest, Romania to GLL Real Estate Partners, a German-based asset management firm. Victoria was developed by Bluehouse and is one of the most prestigious office buildings in the CBD of Bucharest. It is currently leased to international tenants such as Citibank, Starbucks, Jones Lang LaSalle, AON and AIG. Victoria was voted the Best Office Development in Romania in 2009, and was awarded Green Accreditation by BREEAM, in line with our commitment to high environmental standards as a means to add value. The sale of the Victoria center is another successful exit for Fund I, and is evidence of the shift in investor sentiment towards the country.