OSPINAS & CO. acquired the Regina Elisabeta 28 building in sector 5 in 2005. The building dates back to around 1884 and is located in the center of Bucharest, on the main Regina Elisabeta boulevard, near other historical buildings such as Bucharest Cinema, Trianon Cinema and Capital City Hall. Cișmigiu park and Calea Victoriei are also nearby. The building has a privileged position in the "0" kilometer of Bucharest, being located in the historic center of the city, which is also a protected area.
Following the acquisition and a specialist technical expertise, the company has reconsolidated and renovated the building. In 2009, the authorization and approvals were issued by the local authorities, and between 2010 and 2012 the main activity of the group was focused on the construction, consolidation and renovation of this historic building. The financing was 100% secured by shareholder loans.