IMMOFINANZ AG
IMMOFINANZ acquires head office from Erste Group in prime Bucharest location and plans renovation into a sustainable myhive landmark building
DGAP-News: IMMOFINANZ AG
/ Key word(s): Real Estate/Acquisition
IMMOFINANZ acquires head office from Erste Group in prime Bucharest location and plans renovation into a sustainable myhive landmark building
IMMOFINANZ has acquired the Bucharest Financial Plaza office building, in a prime central location close to the historic center of Bucharest. The property is being sold by Banca Comercială Română (BCR), the largest financial services group in Romania and a subsidiary of the Austrian Erste Group Bank. The building, with gross rentable space of around 27,700 sqm (post-conversion), was BCR’s head office until last year. The costs of the transaction amount to approximately EUR 36.0 million – the closing took place today. “The Bucharest Financial Plaza plays an important role in the latest developments in the city. It is uniquely located in the heart of Bucharest and offers access to a multitude of shops, restaurants and recreational activities. We are very pleased to have found IMMOFINANZ as a partner, with its many years of expertise in the Romanian market and the expertise to further develop the potential of this landmark”, said Michael Werner, Real Estate Management Executive Director at BCR. The Bucharest Financial Plaza is not only the tallest office building in the city center at almost 70 metres, but is also an architectural symbol. The location on Calea Victoriei, the main street in the historic city center, provides excellent access to private and public transportation links, including three subway stations in close proximity. Since 2000, the Bucharest Financial Plaza has also formed part of a popular shopping district.
For additional information please contact: www.immofinanz.com
23.03.2021 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | IMMOFINANZ AG |
Wienerbergstraße 9 | |
1100 Vienna | |
Austria | |
Phone: | +43 (0) 1 88090 – 2290 |
Fax: | +43 (0) 1 88090 – 8290 |
E-mail: | investor@immofinanz.com |
Internet: | http://www.immofinanz.com |
ISIN: | AT0000A21KS2 |
WKN: | A2JN9W |
Listed: | Regulated Unofficial Market in Berlin, Frankfurt, Munich, Stuttgart; Warschau, Vienna Stock Exchange (Official Market) |
EQS News ID: | 1177539 |
End of News | DGAP News Service |