The transaction was brokered by real estate consulting firm Cushman &Wakefield Echinox, represented by Cristi Moga, Head of Capital Market, and Alexandru Mitrache, Head of Transactions Land & Investment Agency.
The buildings IRIDE eighteen, myhive I IRIDE nineteen, myhive I IRIDE twenty and myhive Metroffice do not make the object of this transaction and remain the property of CPI Romania, according to CPI Romania officials.
“The transaction sealed with Alfa Group represents a stage of the process of optimizing CPI’s portfolio in Romania, which includes some of the most valuable office and retail projects in the Romanian market, acquired from Immofinanz and S-IMMO.”, says Fulga Dinu, Country Manager CPI Romania.
Alfa Group was established by businessman Alin Niculae, who controls the biggest Romanian-held oil wholesale company Oscar Downstream, with a turnover of EUR1.4 billion. His real estate portfolio in Bucharest includes office buildings Oscar One, Maria Rosetti Tower, Eminescu Offices, Mendeleev Office 5, as well as landmark real estate projects such as Cloud9, 19th Residence, 20th Residence and 21 Residence – Phases 1 & 2.