Tuca Zbarcea & Asociatii has advised Morgan Stanley Real Estate Investing on the EUR 10 million technical and aesthetic refurbishment and modernization process of the America House office building in Bucharest.
Morgan Stanley Real Estate Investing is the global private real estate investment management arm of Morgan Stanley.
According to Tuca Zbarcea & Asociatii, “the refurbishment was focused on both technical and aesthetic aspects of the building. This was followed by the upgrades of the exterior ground floor area including the extension of the terrace’s premises, adding green areas, dramatic lighting for the green spaces, extending the sidewalk for the benefit of the pedestrians, changing the flooring, and unifying the retail signage.”
America House spreads over three underground floors, a ground floor, and nine above-ground floors, with a total leasable surface of 28,806 square meters of Class A office space, including 3,675 square meters in commercial space.
Tuca Zbarcea & Asociatii’s team included Partners Razvan Gheorghiu-Testa and Dragos Apostol and Managing Associate Raluca Misu.