Property group Immofinanz, controlled by CPI Property Group (CPIPG), is reportedly negotiating the sale of its Băneasa Airport Tower office building in northern Bucharest.
The transaction is valued at €10 million, according to profit.ro. At present, the building hosts the HQ of Profi retailer and has a leasable area of close to 7,000 sqm.
The sale of the Bucharest-based building is part of a wider asset sale program of Immofinanz. At the end of August 2022, CPIPG announced a disposal pipeline exceeding €2 billion, with more than 30 potential sales in various stages of execution across the office, retail, hotels, residential sectors, and landbank.
Immofinanz’s Romanian portfolio comprises 36 office and retail projects with a combined value of €772.5 million.
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