Transelectrica pays EUR 3.4 mln for HQ in Millenium BC

The company has signed a five-year lease agreement for some 3,388 sqm of the building.
Transelectrica will pay an estimated total of some EUR 3.45 million at the rental price of EUR 17 per sqm, per month, according to data from the company.
It has already started to relocate its activity to the building and company representatives were hoping to finalize the process by the beginning of February.
The company's headquarters are currently located in a building on Magheru Boulevard, built in the 1920s and with a class 1 seismic risk.
Millenium Business Center is owned by British investment fund European Convergence Property Company, and administrated by Charlemagne Capital. The fund bought the building in the middle of last year for some EUR 36.5 million.
The facility covers approximately 25,000 sqm on four underground floors and 18 upper floors.

Corina Saceanu