Raiffeisen evolution owns several plots of land in Romania, where it might develop residential and retail projects, Markus Neurauter, managing director of Raiffeisen evolution, said Wednesday.
He also added that the company may buy land in Bucharest seeking to build office towers with lettable areas ranging between 15,000 and 20,000 square meters.
Raiffeisen evolution owns a 10-hectare plot in Bucharest’s sector 1 and a 3-ha plot in Balotesti (neat the capital), where it plans to develop residential compounds.
On Thursday, the company will inaugurate shopping center Promenada Mall, the last phase of the Floreasca City project (a EUR300 million investment), which also includes two office buildings. The two office towers have been sold to Raiffeisen Group.
The development of Promenada Mall was financed by Austrian lender Raiffeisen, which provided EUR95.5 million. Construction works started 22 months ago.
Promenda Mall has a lettable area of 35,000 square meters and is 95% rented.
Raiffeisen evolution project development is headquartered in Vienna and is present in Austria and Central and Eastern Europe.
Its portfolio includes residential and retail projects, hotels, as well as multipurpose real estate projects.
Raiffeisen Holding Viena, Strabag and Uniqua Insurance control 20% of Raiffeisen evolution each, and the remaining 40% is owned by Raiffeisen Central Bank (RZB).