myhive Victoria Park office building will host the largest The Home showroom in Romania

CPI Property Group, one of the largest owners of income-generating real estate in Europe, announces the signing of a 10-year lease, for 3,070 square meters in myhive Victoria Park office building, to The Home, the interior design brand considered a landmark in Scandinavian design.

In the rented space, The Home will invest 1.5 million Euro to launch one of the largest furniture showrooms in Romania, during 2024. Thus, following the renovation and modernization process that was completed in 2022, myhive Victoria Park office building reached an occupancy rate of almost 95%.

“The partnership with The Home confirms the benefits and advantages offered by 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. This project is a real success for us, being a confirmation of the adaptability and flexibility of our group in terms of the ever-changing requirements of our tenants,” states Fulga Dinu, Country Manager, CPI Romania.

myhive Victoria Park building is emblematic of myhive portfolio, and it is located in the northern part of Bucharest, with easy access to both the city center and the two airports. The property benefits from a generous parking lot and has a total rentable area of 21,000 square meters, organized on six levels: basement, ground floor, plus four upper floors.

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“As part of our expansion strategy, we are pleased to announce the opening of a new showroom dedicated to an extraordinary shopping experience. The choice of this location was guided by the desire to meet the needs of our customers and to bring our various products into a physical space. The generous showroom will offer a diverse selection out of over 150,000 products in the portfolio, among renowned European brands, and involves an investment of 1.5 million Eur. We will collaborate with the talented architect Omid Ghannadi, who designed an environment that combines Scandinavian minimalism with the extravagance of our products and vintage inspiration” states Corina Pascal, Managing Partner The Home.

This transaction was intermediated 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 Băneasa shopping pole. Also, the facilities and services offered by myhive fold very well on the new model of interaction with customers, adopted by The Home”, states 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 square meters of the local office portfolio, both by extending the contracts with existing customers, as well as by attracting new tenants.