PeliPartners assists Immofinanz on myhive Victoriei sale

Green Forum

21 August, 2024 at 11:07 AM

Romanian law firm PeliPartners has assisted Immofinanz in the sale of myhive Victoriei to AFI Europe, in a deal worth an estimated €27 million.

The office project, previously known as Bucharest Financial Plaza, was acquired by Immofinanz in 2021, with PeliPartners also acting as legal advisor for the buyer.

“The Romanian real estate transactions market has shown significant momentum in recent months, and we are thrilled to be part of this vibrant and dynamic phase (…) The Bucharest Financial Plaza remains an iconic landmark, and its planned reconfiguration is set to enhance the value of the Bucharest CBD.”

The PeliPartners' team that worked on the sale was coordinated by Francisc Peli (Managing Partner) and Alexandra Ioniță (Managing Associate) and included Mihaela Stoian (Associate).

The office project has a built area of 38,703 and is the first modern building constructed in the Bucharest in the '90s.

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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.

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