The real estate developer AFI Europe has bought the Bucharest Financial Plaza office building, located in the central area of the capital, informally known as the “Bancorex Block”, from the Austrian group Immofinanz.
The sale price was 27 mil.
EUR.
The acquisition is part of AFI’s expansion plan in Romania, with the Israeli company’s portfolio now totaling more than 300,000 rentable square meters of office space.
Rumors have circulated in the past that the building could be converted into a hotel.
The Bucharest Financial Plaza is located at 15 Calea Victoriei, next to the CEC Palace, and has a total built area of 38,703 square meters (38,703 square meters), the first modern building constructed in the capital in the 1990s.
“Our objective is to transform this iconic property into a modern, Class A, mixed-use, Class A mixed-use project that meets the highest quality standards.
We aim for a sustainable, ESG-compliant building that will become the ideal destination for work or leisure in the center of Bucharest,” said Doron Klein, Deputy CEO AFI Europe & CEO AFI Europe Romania and Czech Republic.
In 2020, the company completed its first residential project on the local market – the first phase of AFI CITY BUUCUREȘTII NOI, which includes 190 fully sold apartments.
In 2021, AFI acquired 2 plots of land in Pipera for the development of a new business division, Residential for Rent, by developing 3 residential towers and a total of 370 apartments.
The first phase of the AFI HOME NORTH project is now under development, with a total of 244 apartments to be delivered in Q1 2025, arranged in 2 buildings.
AFI LOFT is a boutique office concept now under construction above the AFI Cotroceni shopping center, measuring 16,000 rentable sqm.
Developer AFI Europe bought Bucharest Financial Plaza office building from Immofinanz
