The myhive Victoria Park office building to accommodate The Home furniture showroom

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CPI Property Group real estate announced the signing of a 10-year lease for 3,070 square meters in the myhive Victoria Park office building with The Home, the brand of interior design of Scandinavian design. In the rented space, The Home will invest 1.5 million Eur to launch one of the largest furniture showrooms in Romania, during the year 2024. Thus, following the renovation and modernization process that was completed in 2022, the myhive building Victoria Park has reached an occupancy rate of almost 95%.

“The partnership with The Home confirms the advantages and benefits that the myhive Victoria Park building offers, from the excellent positioning, to the infrastructure and the diversity of services available. We are delighted that The Home team has chosen this building to launch its largest furniture showroom in Romania,” declares Fulga Dinu, Country Manager, CPI Romania. “This project is a real success for us, being a confirmation of the adaptability and flexibility of our group in terms of the constantly changing demands of the tenants.”

As part of our expansion strategy, we are pleased to announce the opening of a new showroom dedicated to an extraordinary shopping experience. The choice of this location was guided by the desire to meet the needs of our customers and bring our varied products into a physical space. The generous showroom will offer a diversified selection from the more than 150,000 products in the portfolio, from renowned European brands, and involves an investment of 1.5 million Eur. We will collaborate with the talented architect Omid Ghannadi, who designed an environment that combines Scandinavian minimalism with the extravagance of our products and elements of vintage inspiration,” says Corina Pascal, Managing Partner of The Home.

This transaction was brokered by Fortim Trusted Advisors, a member of the BNP Paribas Real Estate Alliance.

“In choosing the myhive Victoria Park building, the very good area, with high visibility, located near the premium residential neighborhoods in the north of Bucharest and the Băneasa shopping center, mattered. Also, the myhive facilities fit very well with the new model of interaction with customers, pursued by The Home retailer”, declares Nicolae Ciobanu Managing Partner – Head of Advisory at Fortim Trusted Advisors, member of the BNP Paribas Real Estate Alliance.

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