The Supreme Estate Bucharest has bought a land of some 5,300 square meters in the town of Voluntari, in the near vicinity of the Romanian capital, for some 5.1 million USD, a press release by seller the Authority for State Assets Recovery-AVAS says.

The selling price was five times higher than the base price in the bidding, which had been set at some 960,000 USD without VAT.

Eight bidders participated in the sale, upping the price by 100,000 USD at a time.