Owners want to sell Stirbey Palace near Bucharest for EUR 20 mln

The Stirbey Palace and the 24-ha surrounding park, located in Buftea, in northern Bucharest, have been put up for sale. The selling price is EUR 20 million, according to market sources cited by local Profit.ro. The palace and the park were acquired in 2007 by the local company Bucharest Arena from the heirs of the Stirbey family for EUR 9 million. One of the shareholders of Bucharest Arena is Ion Moraru, who was Government general secretary for many years in the Social-Democrat cabinets. In 2009, the owners announced their plan to transform the Stirbey palace into an exclusivist compound with a five-star hotel and a museum dedicated to the Stirbey family. The properties are in the portfolio of Regatta Estate. Stirbey Palace is a historical building of over a century and a half. In the ‘50s, the domain became state property under the new Communist regime, and was used for protocol. After the ‘89 Revolution it was turned into a hotel. In 2006 it was returned to the six heirs of the Stirbey family, following a trial won at the European Court of Human Rights. editor@romania-insider.com (photo source: Domeniulstirbey.ro)