IMMOFINANZ has concluded a long-term rental contract for roughly 11,000 sqm with the Provita Group, one of the leading medical center providers in Romania. Provita will occupy the entire space in the Iride eighteen, a recently modernized building in the Iride Park, where it plans to open a multi-disciplinary hospital. The rental contract covers a term of 25 years.
“Our Iride Park, one of the largest office hubs in Bucharest, has already gained an excellent reputation with a wide variety of services for tenants and neighborhood residents. The partnership with Provita will expand the current offering to also include a high-quality medical hub, which will increase the location’s attractiveness over the long-term “, explained Dietmar Reindl, COO of IMMOFINANZ.
The new hospital will have a capacity of 110 beds and seven operating rooms. The opening is expected to take place in the first quarter of 2022 after the necessary adaptations have been completed. The Iride Park, which is located in the north of Bucharest on Dimitrie Pompeiu Boulevard, is only eight kilometers from Otopeni International Airport. It is easy to reach with public transportation and offers extensive parking, restaurants, shops and health clubs.
IMMOFINANZ has been invested in Romania for more than 17 years. The Romanian property portfolio had a carrying amount of EUR 757.3 million as of 30 September 2020, which represents 15.3% of the total portfolio. The 13 standing investments have roughly 334,000 sqm of rentable space, and the occupancy rate equals 93.6%. The largest properties include the two office buildings in Bucharest, the myhive S Park and myhive Metroffice, as well as the VIVO! Cluj and VIVO! Constanta shopping centers.