BCR Palace in University Square could be traded by the end of the year
The BCR Palace, a Class A historical monument in central Bucharest, completed in 1906 according to the designs of architect Oscar Maugsch, was put up for sale by the bank several months ago. Currently, investors from the Middle East, Europe, or local investors are conducting due diligence operations, and the sale-purchase transaction could be signed by the end of the year.
Source: Economica
Frequently Asked Questions
Who designed the BCR Palace?
The BCR Palace was designed by the architect Oscar Maugsch and completed in 1906.
What is the historical status of the building?
The building is classified as a Class A historical monument, located in University Square, Bucharest.
When is the sale expected to be finalized?
The sale-purchase transaction is expected to be signed by the end of the current year.