Austrian developer Raiffeisen Evolution has sold its landmark SkyTower office development project in the northern part of Bucharest to the group's property arm, Raiffeisen Property International. Financial details were not disclosed.
Austrian developer Raiffeisen Evolution has sold its landmark SkyTower office development project in the northern part of Bucharest to the group's property arm, Raiffeisen Property International. Financial details were not disclosed.
SkyTower consists of a 37-storey office tower and an adjacent 16,000-m2 scheme known as Floreasca Office. The building will house the new headquarters of Raiffeisen Bank Romania on completion in 2013. The project is set to become the highest building in the Romanian capital, reaching a height of 137 metres.
Raiffeisen Evolution is also developing the nearby Promenada shopping centre.
