Millenium Business Center, the tallest building in Romania, was bought by British investment fund European Convergence Property Company, managed by Charlemagne Capital, one of the largest companies on the British market. The value of the transaction was set at some 36.5 million euro.
The construction works at the building have been at the core of a press scandal as the project threatened the integrity of the Armenian Church in Bucharest.
In 2004, the Bucharest City hall approved a plan to build a 19-storey (75 meters high) business center in downtown Bucharest. The approval of the Armenian Church was needed for the accomplishment of the project - and it was offered two floors of the building in exchange of a "yes".
The building, due to open this autumn, is developed by Millenium Estate. The sellers are Antonis Kapraras and the Greek company Euroestate. The building provides between 500 and 1,000 square meters of office space on each floor.