Transport is stuck at wrong tempo when activating a project

Scenario:

Open a project. It’s tempo is 120. Now, open another project. It’s tempo is 125. Close project #1.

Project #2 is now active but the transport/tempo is still set to project #1 (120). I have to close Cubase and re-open project for right tempo.

Known bug? Or expected behavior? If expected - what’s the purpose of having the ability to have multiple projects open?