Bucharest's iconic Bancorex building undergoes major transformation
A landmark on Bucharest's Calea Victoriei is undergoing a dramatic transformation as works commence on the former Bancorex building, now known as Bucharest Financial Plaza. This iconic structure, once hailed as the capital's first modern office building upon its completion in 1998, is being redeveloped by real estate giant AFI Europe.
The comprehensive modernization project, which began in April after AFI Europe acquired the complex in the summer of 2024 from Austrian investor Immofinanz, is set to redefine premium office space in the heart of Bucharest. This strategic move highlights the dynamic evolution of commercial real estate in Romania, paving the way for state-of-the-art business environments.
AFI Europe: pioneering next-generation office solutions
With an estimated three-year renovation timeline, AFI Europe, led by brothers Roni and Yehuda Naftali, is committed to delivering a revitalized commercial hub. The original building boasted a total constructed area of 38,703 sqm and a leasable area of 26,300 sqm.
The redevelopment is expected to introduce modern design, enhanced functionality, and sustainable features crucial for today's forward-thinking businesses. This project underscores AFI Europe's dedication to developing properties that meet the evolving demands of companies seeking high-quality, strategically located office spaces in a bustling urban environment.
Strategic advantages for businesses in a revitalized location
The transformation of the Bucharest Financial Plaza offers unparalleled opportunities for businesses looking to establish or expand their presence in Bucharest. Calea Victoriei remains a prime address, offering excellent connectivity and prestige. Companies choosing this redeveloped site will benefit from cutting-edge office infrastructure designed for productivity and collaboration.
As the city evolves, access to modern, well-connected office spaces becomes a critical factor for business success and employee satisfaction. This project is a testament to the ongoing investment in Bucharest's commercial appeal.
AFI Europe's expanding portfolio: your partner for growth
AFI Europe's acquisition and redevelopment of the Bancorex site significantly strengthens its position as a leading real estate developer in Romania. The company now manages over 300,000 square meters of leasable office space and has ambitious expansion plans, including new office developments in AFI Park Brașov, AFI Tech Park, and an extension of AFI Cotroceni.
This extensive portfolio and ongoing commitment to development make AFI Europe an ideal partner for businesses seeking diverse and high-standard office or warehouse solutions across Romania. Whether you are a growing startup or an established enterprise, AFI Europe offers a range of innovative and strategically located properties designed to support your business objectives.
Source: profit.ro
