Press release
CBRE advised Siemens on the sale of its headquarter in Sofia
October 20, 2025
CBRE, the world’s largest commercial real estate services and investment firm, has successfully acted as the exclusive sell-side advisor in the disposal of the Siemens administrative building in Sofia. The transaction marks a significant milestone in the evolving investment landscape of Bulgaria’s capital.
The property, with a gross built area of 10,100 sqm, is located in Zaharna Fabrika, a rapidly evolving district in northwestern Sofia. The property served as the Bulgarian headquarters of Siemens for decades. Its immediate functionality and adaptability for a variety of uses, made it a highly attractive asset. The strategic location, strong connectivity, and the area’s ongoing transformation positioned the property as a prime candidate for repositioning and long-term value creation, ultimately driving strong investor interest and a successful sale.
Investment Properties team of CBRE South Eastern Europe (CBRE SEE) led a comprehensive due diligence and structured sales process, leveraging deep market insight, tailored advisory, and hands-on execution to deliver a successful outcome.
“The site’s high redevelopment potential, combined with the ongoing transformation of Zaharna Fabrika into a vibrant residential and commercial hub, positions the asset as a strategic long-term investment. The area’s improving infrastructure, growing population, and increasing investor interest are expected to drive sustained capital appreciation,” said Stefani Hristova, part of Bulgarian Investment Team within CBRE SEE.
“This transaction reflects the increasing maturity and resilience of Sofia’s investment market. We are proud to have advised our client as part of their broader strategy, allowing them to align with their future operational goals,” added Nataša Šebez, part of CBRE SEE’s Investment team.
“The sale of the Siemens headquarters in Sofia marks a significant deal for the Bulgarian capital market and proves the potential of the Zaharna Fabrika area. This transaction further strengthens CBRE’s position as a leading real estate consultancy in the South Eastern Europe region and reinforces our commitment to delivering exceptional outcomes for clients across the region,” added Uroš Grujić, Head of Investment Properties for the SEE region at CBRE.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm and a premier provider of critical infrastructure services (based on 2025 revenue). The company has more than 155,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves clients through four business segments: Advisory (leasing, sales, debt origination, mortgage servicing, valuations); Building Operations & Experience (facilities management, property management, flex space & experience, data center solutions); Project Management (program management, project management, cost consulting); Real Estate Investments (investment management, development). Please visit our website at www.cbre.com.
