New investment opportunity on the Romanian real estate market: Hyperion Towers, the first large scale Class- A office project offering smaller format offices for sale.
Hyperion Towers presents a new type of real estate investment: the small and medium investors and/or business owners have the opportunity to buy high quality office spaces at affordable prices.
Hyperion Towers, strategically located on Pipera Boulevard, is now offering a unique proposition by selling smaller class A office units starting at 200 sq. m with prices starting from 720 euros per square meter. This innovative concept aims to cater to the growing demand from small and medium-sized enterprises for high-quality office spaces with smaller dimensions and affordable prices. With a total office surface of 40,000 sq. m, and the first building of the ensemble consisting of 20,000 sq. m, Hyperion Towers is the first significant project in the market to sell office units in a segment that is otherwise dominated by leasing and sales of whole buildings.
“At the moment, the local market is confronted with a crucial challenge that revolves around the need for new or renovated class A office spaces that can be flexibly sized to accommodate small and medium-sized companies, who are in urgent need of relocating. These enterprises have limited options when it comes to office spaces, as they are often relegated to lower-quality apartment buildings, old villas, or B-class office buildings, which are less efficient in terms of space and quality. As things stand, a majority of small and medium-sized companies in Bucharest, particularly start-ups and entrepreneurial ventures, are facing significant challenges in securing high-quality, flexible-sized office units at affordable costs.”, stated Ali Çapa, CEO of TC Capital.
Hyperion Towers has broken new ground in the large Class-A office building segment in Romania by catering to the needs of the entire market, with office prices starting from 150,000 Eur. The project seeks to attract small and medium-sized businesses and investors who are looking to buy their own offices or invest in already rented commercial real estate within a high-quality business center environment that offers Class-A specifications. This investment model has two significant advantages: firstly, the property's potential for significant capital gains due to its location in an upcoming and undervalued area, and secondly, the high and secure yearly return on investment from existing tenants and/or cost savings for those who own the office space.
Despite the robust activity in the market, smaller investors and small to medium-sized firms have limited or no opportunity to purchase space within large class A office projects. These spaces are typically sold as whole buildings, with prices ranging from several million euros for smaller buildings to tens of millions of euros for larger ones.
“We firmly believe that the concept of offering smaller office units for sale has tremendous potential to transform the local market. Since most of the office demand in Bucharest is for offices up to 1,000 sqm, this new initiative provides small and medium-sized companies, as well as investors, with access to large scale Class-A office buildings that offer easy-to-manage, high-return assets with strong capital gains potential. With this program, we aim to pioneer a real estate instrument that was previously missing in the Bucharest office market and meet the market's unprecedented demand. In the meantime, we will continue to offer rental activities in the building in parallel with sales activity to cater to all the needs of the companies.” added Mr. Çapa.
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