RPI takes over SkyTower in Bucharest

Raiffeisen Property International acquired the Sky Tower in Bukarest. The sale was completed by Raiffeisen evolution, a general contractor in the north-eastern part of the Romanian capital.

The Sky Tower is part of a major project, which includes a 7 floor-office building – the Floreasca Office – and the Promenada Shopping Center. On 21st of November, Raiffeisen evolution completed the sale of the Sky Tower to Raiffeisen Property Holding International. With over 137m it is the highest building in Bucharest. The Romanian affiliate of RBI, Raiffeisen Bank S.A., will set up its new head-office there.

Raiffeisen Bank International: A visible sign of trust and security in CEE markets

At the beginning of 2013, after the completion of the construction works, Raiffeisen Bank S.A. shall relocate to SkyTower, where it will occupy floors 2 to 7, and in Floreasca Office, the 7-floors building located in the immediate vicinity of the tower.

“Romania is and remains for us a very important market in the area of Central and Eastern Europe, a market that continues to offer a great potential. The planned relocation to SkyTower is one more step in proving this trust“ stated Herbert Stepic, Chairman of the RBI Board, related to this event.

Excellent location, strong architecture – elements granting the success

Markus Neurauter, spokesperson for the Executive Management of Raiffeisen evolution states on his side: „This project was initially designed for investors, but after the change of the boundary conditions – namely the decision of Raiffeisen Bank in Romania to have a new headquarter – it developed into a  service contract.“

Steven van Groningen, CEO of Raiffeisen Bank S.A., added: ”The offer of attractive office spaces, that comply with our requirements, is very scarce in Bucharest. This is the reason why we look forward to the completion of SkyTower and Floreasca Office and are pleased to provide our clients and our employees an optimal business environment.“

The construction works for this mega-project are running at full power; today, the works have already reached the 12th floor, in parallel with the ongoing façade works. “Considering the exceptional architecture and the excellent location, we are confident that we will be able to lease the remaining available areas in SkyTower, securing the best conditions.“ stated Roland Gewessler, Managing Director of the Raiffeisen Property International.

Overall Concept: Complementary Office and Retail Areas

On the same location, Floreasca Office is built simultaneously providing on its seven floors 16,000 m² of leasable area. These office spaces will also be occupied by Raiffeisen Bank S.A.

In the immediate vicinity, Raiffeisen evolution constructs its retail project Promenada Shopping Center, a state-of-the-art retail and entertainment center that will provide suitable shopping conditions for both the residents and the professionals working in this area.

Features SkyTower
Height: 137 m / 37 floors
Gross floor space: 50.000 m2
Gross floor area: 1.150 m2
Underground garage: 518 parking spaces
Completion: at the end of 2012