Sources Confirm Bucharest Palace Bought by Amir Dayan

In 2019 Bucharest’s historic Oscar Maugsch Palace in Bucharest’s University Square was purchased by Israeli real estate investor Amir Dayan.

According to industry sources “The property has been purchased by the Dayan family. At present, the Dayan family is looking at the development options for the building, but no decision has been made yet. A team of experts is working to examine the various potential options. The Dayan family is convinced about the positive growth opportunities on the Bucharest real estate market and has many years of expertise in developing property across Europe.”

Amir Dayan was born in Tel Aviv, Israel in 1974 to a poor family, and achieved great success due to astute investments in the real estate market. He has been active in the European hotel business and real estate field, mainly in the Netherlands, UK, and Germany since 2005. Besides Vivion, Amir Dayan is also a shareholder in various other public and private real estate projects, including Golden Capital.

According to sources familiar with the deal, the value of the transaction surpassed the initial evaluation of EUR 20 million by some 40%, amounting to somewhere between EUR 28-30 million. The Oscar Maugsch Palace was sold by Romanian lender BCR, who had used the building as their central offices prior to relocating to more modern offices on on Calea Victoriei, next to the CEC Palace in Bucharest.

Erected in 1906, the Oscar Maugsch Palace sits across the square from the palace of the University of Bucharest and was at one time the headquarters of Generala Insurance Company until it was nationalized in 1948. The building is now listed as a Class A historical monument.

EAN Content

Content shared by this account is either news shared free by third parties or sponsored (paid for) content from third parties. Please be advised that links to third party websites are not endorsed by Estate Agent Networking - Please do your own research before committing to any third party business promoted on our website. As an Amazon Associate, I earn from qualifying purchases.

You May Also Enjoy

Estate Agent Talk

Get Fast and Reliable Basement Flood Cleaning Services

Having water in your basement is awful. It could be because of a storm, busted pipe, or bad sump pump. Whatever the reason, water damage in your basement has disastrous effects if not dealt with. Basement Flood Cleaning Services are what you need. They will dry it out, disinfect the floor, and have your basement…
Read More
Breaking News

UK House Price Index summary: June 2025

The average monthly rate of house price growth in June was 1.4%. The average annual rate of house price growth in June was 3.7%, up from 2.7% in May. As a result, the average UK house price remains at £269,000.   CEO of Yopa, Verona Frankish, commented: “June’s figures reflect a market that is steadily…
Read More
Breaking News

Private rent and house prices, UK: August 2025

Average UK monthly private rents increased by 5.9%, to £1,343, in the 12 months to July 2025 (provisional estimate); this annual growth rate is down from 6.7% in the 12 months to June 2025. Average rents increased to £1,398 (6.0%) in England, £807 (7.9%) in Wales, and £999 (3.6%) in Scotland, in the 12 months…
Read More
Breaking News

Industry response to latest inflation figures

Nathan Emerson, CEO of Propertymark, comments: “Unfortunately, any increase seen within the rate of inflation does brings very justified concerns to consumers, many of whom are still struggling with the cost of living, which has been steadily rising over the past few years. “Although there is more work to be done to help ensure inflation…
Read More
Breaking News

London lettings market bolstered by record supply and resilient renter demand

· Supply conditions improved materially in July, with almost 50,000 new rental listings recorded, up 4% from June and 12% higher than July 2024. This represents the highest monthly volume in the last four years. · Renter demand strengthened notably in July, with a 25% uplift in new applicant registrations month-on-month. Compared with July 2024,…
Read More
Breaking News

Bridging finance key in driving uplift in auction activity

The latest analysis from specialist lender, Octane Capital, has revealed that auction sales across England have climbed by almost 9% over the past year, with auction buyers increasingly turning to bridging finance to meet strict completion deadlines and capitalise on below-market investment opportunities. Octane Capital analysed the latest figures* on both the volume of auction…
Read More