Primavera Development in talks to acquire former Allianz-Țiriac headquarters in Bucharest

Businessmen Emil and Daniel Tănăsoiu, owners of the real estate company Primavera Development, have begun the due diligence process with the Allianz-Țiriac group for the acquisition of one of the two former headquarters in the Victoriei Square area, Bucharest, which remained empty after the insurer moved to Țiriac Tower. The investors plan to renovate the building and keep it as an office building.

The building is to be sold at a price of EUR 9-10 million, according to market sources. In addition to the building to be sold to Primavera Development, Allianz-Țiriac also has for sale a building built in 2009, with an area of about 8,000 square meters.

The buildings are 50 meters apart and near the Grigore Alexandrescu Children’s Hospital. Both were built by Bog`Art.
“After relocating the headquarters to the Țiriac Tower building, Allianz-Țiriac decided to explore the sale of the old headquarters. Currently, the process is ongoing,” said representatives of the Allianz-Țiriac group.

Source: Profit.ro