Provita will occupy the entire space in the Iride eighteen, a recently modernized building in the Iride Park, where it plans to open a multi-disciplinary hospital. The rental contract covers a term of 25 years.

“Our Iride Park, one of the largest office hubs in Bucharest, has already gained an excellent reputation with a wide variety of services for tenants and neighborhood residents. The partnership with Provita will expand the current offering to also include a high-quality medical hub, which will increase the location’s attractiveness over the long-term. Provita was convinced by our offering with our flexible building layouts, which allow for fast adjustments to meet new requirements, as well as the efficient transport connections,” said Dietmar Reindl, COO of Immofinanz.

“The Provita Group has seen a significant increase in the demand for its medical services in recent years. Consequently, the next phase of our development includes the opening of a new, multidisciplinary hospital that will provide Romanian patients with both advanced and niche medical services. Our search for the ideal property for this large-scale project brought us to Immofinanz, which is not only a leading real estate investor but a partner that will accompany us over the long-term,” said Ovidiu Palea, founder of the Provita Group.

The new hospital will have a capacity of 110 beds and seven operating rooms. The opening is expected to take place in the first quarter of 2022 after the necessary adaptations have been completed.

The Iride Park, which is located in the north of Bucharest on Dimitrie Pompeiu Boulevard, is only eight kilometers from Otopeni International Airport. It is easy to reach with public transportation and offers extensive parking, restaurants, shops and health clubs.