- myhive Victoriei office development in the old town of Bucharest sold for approximately EUR 27 million in 2024
August 20 2024 06:41:03 UTC– IMMOFINANZ sells office development in Bucharest for around EUR 27 million, part of strategic portfolio optimization, reinvesting in higher-yielding properties.
The office complex in Bucharest, vacant for refurbishment, will be converted to a Class A property by the buyer.
Among the City’s Most Vibrant Areas
The myhive Victoriei building, known for its modern amenities and prime location, has been a key asset within Bucharest’s bustling business district. The property, which features state-of-the-art office spaces designed for flexibility and collaboration, attracted significant interest due to its strategic positioning in one of the city’s most vibrant areas.
Bucharest is a Dynamic City
Bucharest, the capital of Romania, is a dynamic city that blends historic charm with modern growth. Often referred to as “Little Paris” for its elegant architecture and vibrant cultural scene, Bucharest has become a significant economic hub in Eastern Europe. The city’s old town, known as Lipscani, is a lively area filled with narrow cobblestone streets, historic buildings, and a mix of traditional and contemporary businesses. It has seen extensive revitalization in recent years, transforming into a popular destination for both tourists and local professionals.
Area Continues to Develop
The sale of the myhive Victoriei office development highlights the growing appeal of Bucharest’s old town as a prime location for business and real estate investments. As the area continues to develop, it remains a focal point for companies looking to capitalize on the unique blend of history and modernity that Bucharest offers, making it an attractive site for commercial and cultural activities alike.
IMMOFINANZ Group focuses on commercial real estate in core European markets.