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

Premium Selection

serbia-in-two-minds-over-new-imf-deal-07-17-2017
20 Jul 17

Serbia in Two Minds Over New IMF Deal

With the economy in relatively good shape, a question mark hangs over whether Serbia needs a fresh arrangement with the Fund.

kosovo-war-court-president-promises-impartial-justice-07-19-2017
20 Jul 17

Kosovo War Court President Promises Impartial Justice

The president of the Kosovo Specialist Chambers, Ekaterina Trendafilova, told BIRN the new court has no ethnic bias, will protect its witnesses from intimidation and deliver justice impartially and independently.

19 Jul 17

New Migrants Face Old Terrors on Balkan Route