Feature 07 Apr 17

Bucharest’s Historic Buildings Struggle to Find a Future

While many of the grand old buildings in Romania’s capital are now valued and increasingly sought after on the real estate market, others are caught up in endless litigation or are simply left to rot.

Ana Maria Touma
BIRN
Bucharest
 The Spayer Palace in Central Bucharest, built in 1915-1923. Photo: Ana Maria Touma/BIRN

One of Bucharest’s most emblematic buildings and the former headquarters of Romania’s strongest bank between the two world wars is on sale for 3.8 million euros.

The Spayer Palace, located in the vicinity of the central Victoriei Street,  was listed for sale at the beginning of April after a six-year trial with Romania’s Central Bank BNR and several other state institutions and private banks.

The palace, one of the biggest in Romania’s capital, was built from 1915 to 1923 by Herman Spayer, owner of Marmorosch, Blank &Co, the country’s strongest private bank at the time.

The building was saved by a lawsuit: in 2010, a real estate developer wanted to build a glass tower on top of it, although it is a historic monument.

Subscribe to Balkan Insight Premium to read the full article.

Please login to your account below if you are already a Premium Subscriber.

Buy Premium Subscription

Our Premium Service gives you full access to all content published on BalkanInsight.com, including analyses, investigations, comments, interviews and more. Choose your subscription today and get unparalleled in-depth coverage of the Western Balkans.

Buy Premium Subscription

If you have trouble logging in or any other questions regarding you account, please contact us

Talk about it!

blog comments powered by Disqus

Latest News from the Balkans

27 May 17

UN Fails to Compensate Poisoned Kosovo Roma

Premium Selection

bosnians-celebrate-birthday-of-leader-they-never-knew-05-26-2017
26 May 17

Bosnians Celebrate Birthday of Leader They Never Knew

Bad weather did not stop a whole lot of young Bosnians from partying on May 25 in honour of the birthday of Yugoslav leader Josip Tito – who died long before most of them were born.

ziadin-sela-outlines-vision-for-a-new-macedonia-05-26-2017
26 May 17

Ziadin Sela Outlines Vision for a New Macedonia

Macedonian ethnic Albanian leader recalls the night he was almost killed in parliament – and says Albanians expect tangible results from their support for Zoran Zaev - starting with justice reform.

26 May 17

Balkan States Struggle to Meet NATO Benchmark

25 May 17

Why Serbian Presidents Rule like Milosevic

24 May 17

Who is Who in the Kosovo Elections