Immofinanz sells office project in northern Bucharest
Austrian real estate group Immofinanz, part of CPI Property Group, has sold its office complex Iride Park in northern Bucharest for around €45 million.
Austrian real estate group Immofinanz, part of CPI Property Group, has sold its office complex Iride Park in northern Bucharest for around €45 million.
AFI Europe has purchased the myhive Victoriei building in central Bucharest from Immofinanz for around €27 million. The new owner plans to turn the existing office building into a mixed-use project, with the conversion permit already secured.

The Romanian state has signed a deal with Rheinmetall for a strategic investment in the national defence industry exceeding €500 million.
Bog'Art Steel, part of the Bog'Art Group, has announced the appointment of Alin Creangă as its new CEO.
BT and the Investment and Development Bank (BID) have concluded an agreement to support the development of investment projects intended for infrastructure and local communities.
Nearly half of Romanian managers (41%) anticipate an economic downturn in the country in 2026, driven by a challenging economic and political context.
Evrotrust, a leading European Qualified Trust Service Provider (QTSP), has secured €6.6 million in growth funding from 3TS Capital Partners to accelerate its expansion into Romania.