December 17, 2025

Allianz-Tiriac Asigurari Sells Former Bucharest Branch to Primavera Development in Bucharest

Allianz-Tiriac Asigurari, via its subsidiary ASIT Services, has sold an office building in central Bucharest to Primavera Development.

The property, located at 74 Grigore Alexandrescu Street, was completed in 2010 and offers approximately 6,450 square meters of space. Until 2021, it served as the Bucharest branch of Allianz-Tiriac Asigurari.

Allianz-Tiriac Asigurari is a Romania-based insurance company and part of the global Allianz Group. 

Primavera Development is a Bucharest-based real estate developer active in the office, residential, and mixed-use segments.

Schoenherr advised the seller on the deal (as reported by CEE Legal Matters on November 25, 2025). 

Image source: bogart.ro

Get the memo – every week

Essential real estate market updates, straight to your inbox.

Andrei Vacaru Appointed Romanian Managing Director at iO Partners

According to the company, Vacaru's "appointment marks a natural evolution for someone who has been part of the company’s backbone for 18 years."

Global Vision Investment Fund Refinances Retail Asset in Oradea with Raiffeisen Bank

GVIF continues its investment expansion, with a current project pipeline exceeding EUR 100 million in various development stages. These include assets from the retail, industrial–logistics, data center, office, and residential segments.

LPP Signs 11-Year Lease for New Distribution Center in CTPark Bucharest West

According to the developer, this will bring LPP's total space within the park to 125,000 square meters. Located adjacent to LPP Logistics’ new e-commerce fulfillment center, the new facility will support the group’s growth in the region and enhance supply efficiency to key markets.