The development of the two buildings (London and Oslo) was carried out by River Tower Project, a company founded by entrepreneur Ion Radulea. At end-2023, with the amiable separation of the ownership stakes of former associates of Sema Group, Doina Draghia, the former wife of Ion Radulea, started the process of building the team that develops and manages the River Tower Project, as well as the evolution toward EVO Properties.
In his turn, Ion Radulea launched the SEMA Real Estate.
To date, the London and Oslo buildings have hosted a mix of multinational companies and local entities. The partial conversion of some office spaces for future facilities entails an investment estimated at over EUR10 million, of which EUR5 million will be allocated in the next six months.
The process of converting the buildings is due to be completed at the end of 2025, when nearly 50-60% of the leasable area will be dedicated to modern offices, 20% to 25% will host hospitality services, and 10% to 15% will be allocated to medical and well-being services. The remaining area is occupied by the Lumina Cultural Center.
At present, the buildings either concluded contracts or have ongoing contracts for over 15,500 sqm, representing an occupancy rate of over 50%.