Strabag Chief Executive Officer Thomas Birtel said the company managed to tap the Romanian market through an experienced team which developed the Sky Tower and Promenada Mall in Bucharest. Birtel also said he is convinced that Strabag will continue to develop successful projects in Romania – the way it does in Germany and Austria.
The new employees will be integrated into the group’s Romanian division, Strabag SRL, and will be part of a separate division. As regards the organization aspects, the new entity will be part of the group’s property development division which also includes the activity of German real estate developer Strabag Real Estate, one of Germany’s largest profile companies.
Since the start of operations in this sector, back in 1965, the group has completed over 450 projects, totaling investments of over EUR6 billion. The projects include, among others, the buildings Dancing Towers (Hamburg), Milaneo (Stuttgart) and Astoria (Warsaw).
Strabag group has been holding a 20% stake in Raiffeisen evolution since 2003.