In the rented space, The Home will invest EUR1.5 million to launch one of the largest furniture showrooms in Romania, in 2024.     “As part of our expansion strategy, we are pleased to announce the opening of a new showroom dedicated to an extraordinary shopping experience (…). The generous showroom will offer a diverse selection out of over 150,000 products in the portfolio, among famous European brands, and involves an investment of EUR1.5 million,” states Corina Pascal, Managing Partner The Home.     Following the renovation and modernization process that was completed in 2022, the myhive Victoria Park office building reached an occupancy rate of almost 95%.   The myhive Victoria Park building is located in northern Bucharest, close to the Baneasa Shopping City, and has a total leasable area of 21,000 sqm.

“The partnership with The Home confirms the benefits and advantages offered by the myhive Victoria Park building, from excellent positioning to the infrastructure and diversity of services available. We are happy that The Home team has chosen this building to launch its largest furniture showroom in Romania (…),” said Fulga Dinu, Country Manager, CPI Romania. 

The transaction was brokered by Fortim Trusted Advisors, a member of the BNP Paribas Real Estate Alliance.

“We have chosen myhive Victoria Park building, considering the area with very good visibility, its location near the premium residential neighborhoods in northern Bucharest and the Baneasa shopping hub. Also, the facilities offered by myhive are highly fitted for the new model of interaction with customers, adopted by The Home”, stated Nicolae Ciobanu, Managing Partner – Head of Advisory at Fortim Trusted Advisors, member of the BNP Paribas Real Estate Alliance.      

Since the beginning of the year, CPI Romania has secured over 40,000 sqm of the local office portfolio, both by extending the contracts with existing customers and by attracting new tenants. 

Subiecte #cpi property group#myhive Victoria Park#The Home