Main Streets Across the World 2025
Bucharest, December 2025: Allianz-Tiriac Asigurari, one of the leading insurance companies on the local market, has successfully completed the sale of its two former headquarters located in the Victoriei Square area of Bucharest, through transactions brokered by the Cushman & Wakefield Echinox real estate consultancy company.
The property on Caderea Bastiliei Street, of approximately 6,000 sqm GLA, was acquired by Praktiker Real Estate, a company owned by businessman Omer Susli. The second building, located on Grigore Alexandrescu Street with a leasable area of 4,000 sqm, was taken over by Primavera Development, a developer with extensive experience in office buildings and premium residential projects.
Throughout the process, Allianz-Tiriac Asigurari was advised by the real estate consultancy Cushman & Wakefield Echinox. The team involved in the transaction included Cristi Moga (Head of Capital Markets), Mihaela Pana (Partner, Private Investments), and Alexandru Mitrache (Head of Transactions Land & Investment).
Mihaela Pana, Partner, Private Investments, Cushman & Wakefield Echinox: “These transactions confirm the dynamism of the Romanian investment market when it comes to centrally located assets, which continue to generate strong interest from tenants. We are seeing consistent appetite from local investors in properties that, through renovation investments, can be repositioned on the market and whose value can increase over time.”
The sale of these two buildings is a new signal that office market in Bucharest has entered a new growth cycle. Furthermore, the fact that both acquisitions were made by local buyers demonstrates their confidence in the Romanian real estate market.
Alexandru Mitrache, Head of Transactions Land & Investment, Cushman & Wakefield Echinox: “The two properties are excellent examples of how well-located real estate assets can attract significant interest from investors, even in a market environment full of uncertainties. It was a complex process, during which we worked with our clients to analyze the potential of each property and the best strategy to maximize their value. We are delighted to have completed two transactions with reliable partners who have solid plans to revitalize these buildings in the Victoriei Square area.”
