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BUCHAREST, SEPTEMBER 2009 - RAFT FOUNDATION WORKS

Raiffeisen evolution project development, the developer of SkyTower office building, is pleased to announce the commencement of the construction works on the raft foundation.

The excavations followed diaphragm walls up to 44 m and barrettes dug up to 50 m below ground. Consequently, above the fifth and third basement level foundation slabs were casted. read more...

The raft foundation is one of a kind, being the first to have a thickness of 2.6 m in Bucharest, and it is supervised by an international team of reputable experts. This construction phase is vital for the structural infrastructure. For the realization of the foundation slab 2,700 tones of reinforcement, 27,000 pieces of socket joints and 11,700 m3 concrete will be required. The works will be completed in February 2010.

raft foundation

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CBRE|EURISKO ELECTED AS EXCLUSIVE AGENT FOR SKYTOWER, A RAIFFEISEN EVOLUTION PROJECT

Sky Tower - part of Floreasca City, a mixed-use project - developed by Raiffeisen evolution, is one of the highest office buildings in Bucharest offering the most spectacular view over the city, by its 137 m. Designed according to "A Class Standards" for office space by an international team of reputable professionals bellonging to to Hoffmann - Janz Ziviltechniker GmbH Austria, SkyTower is located between two of Bucharest's arterial roads, Calea Floreasca and Barbu Vacarescu street, with great access to public tranpostation means.

SkyTower, configured on 5 underground floors + ground floor + 36 upper floors + a technical floor, is supported by a reinforced concrete structure, having the outdoor area fitted in line with the outdoor design requirements. read more...

"The architecture of SkyTower has been designed to attract corporate anchor tenants whose high demands regarding the required space, the high quality of the premises and the ideal location have been hard to meet until now in one single location on the Bucharest market", says Monica Barcutean, managing director of Raiffeisen evolution Romania.

SkyTower will have 40,000 m² rentable area and will totalize a number of 541 parking places. The ideally sized floors offer a high amount of flexibility for any type of organization. Shapes and features allow for efficient space partitions and the implementation of international office standards. For more information please visit www.skytower.ro

"SkyTower will become the perfect solution for large corporate units who will be able to enjoy the advantages of having all their departments and offices in one single building complex, situated half-way on the axis between downtown and airport", oppinated Sebastian Dragomir, Manager Building Consultancy CB Richard Ellis | Eurisko.

About Raiffeisen evolution

Raiffeisen evolution is a project development and service company for high-value real estate operating in Austria, Central and Eastern Europe with its headquarters in Vienna. Within 44 projects, Raiffeisen evolution is developing over 1.2 Million m² GFA amounting 1.7 Billion EUR in all real estate fields: office, commercial, residential. On the Romanian market Raiffeisen evolution delivered projects as JW Marriott Grand Hotel, Oracle Tower, Baneasa Center, Casa Mosilor, Airport Smart Office in Buchrest and Hippodrome Office Center in Ploiesti. For more information please visit www.raiffeisenevolution.com

About CB Richard Ellis

CB Richard Ellis Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services firm (in terms of 2008 revenue). The Company has approximately 30,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CB Richard Ellis offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. CB Richard Ellis has been named a BusinessWeek 50 "best in class" company three years in a row and a Fortune 100 fastest growing company two years in a row. Please visit our website at www.cbre.com

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