Evo Properties rolls out first reconversion project in Bucharest

03
Oct
2024
News - Evo Properties rolls out first reconversion project in Bucharest #Adinel Tudor #Bucharest #Evo Properties #office #River Tower Project #Romania

by Property Forum | Office

Evo Properties has announced the reconversion of the London and Oslo office buildings in Bucharest into a multifunctional hub. 


This first project marks the transformation of the River Tower Project into Evo Properties.  

As part of the reconversion process, a significant investment of over €10 million is required to accommodate new tenants and repurpose existing office spaces. Half of the investment will be allocated within the next six months. 

“We aim to create spaces where people can feel connected, productive, and inspired. Our efforts are focused on building strong communities, creating an inspiring work environment, and accomplishing a mix of functions that contributes to the success of our tenants' businesses,” says Adinel Tudor, CEO of Evo Properties. 

In the reconverted project, offices will occupy around 50 to 60% of the current leasable surface of 31,000 sqm. The rest will be covered by hospitality, medical and wellbeing facilities. 

Evo Properties aims to conclude the reconversion by the end of 2025.




New leases

  • UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.

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