The historic Bragadiru Palace complex on Calea Rahovei in Bucharest has been listed for sale by the heirs of industrialist Dumitru Marinescu Bragadiru for an asking price of EUR 25 million for the complete package. The property includes the historic palace with a built area of 10,110 sqm and a total land plot of 16,491 sqm, being promoted both as a heritage asset and as a real estate development opportunity.
The listing is structured into three transaction options: the entire complex, the main building alongside an adjacent plot of 4,369 sqm, or separately the 12,122 sqm garden. According to information published by Profit.ro, the asking price exclusively for the palace is EUR 12.5 million. The primary economic stake lies in the garden area, whose urban planning indicators (a CUT of 2.5 and a POT of 75%) point to a theoretical gross building potential of approximately 30,300 sqm. The building features 110 rooms and 43 bathrooms. This is not the first sale attempt: the property was listed in 2019 for EUR 25 million non-negotiable, in 2022 for EUR 26 million, and in 2024 it entered Sotheby’s International portfolio at EUR 25 million, without any transaction being finalized.
The complex was erected adjacent to the brewery founded in the late 19th century by Dumitru Marinescu Bragadiru. Designed by Austrian architect Anton Shuckerl in 1894 and completed around 1905, the building originally known as “The Colossus” served as a cultural and recreation center for employees. Confiscated by the communist regime in June 1948 and renamed the “Lenin” House of Culture of District 5, the complex was restituted to the heirs in 2003 following a period of post-communist decay. Following restoration, the palace operates as a venue for conferences and private events, with the Colosseum Hall serving as its centerpiece.
Frequently Asked Questions
What is the asking price for Bragadiru Palace?
The asking price for the entire complex is EUR 25 million, while the palace building can be acquired separately for EUR 12.5 million.
What development potential does the property’s land offer?
The 12,122 sqm garden features urban zoning parameters that theoretically permit the construction of a gross floor area of approximately 30,300 sqm.
What is the history of the Bragadiru Palace building?
The building was designed by architect Anton Shuckerl and completed around 1905 as a leisure center for brewery workers, was confiscated by the communist regime in 1948, and was restituted to the founder’s heirs in 2003.