The office buildings Tower Center, Charles de Gaulle Plaza and Sky Tower, placed in the neighbourhood of the underground station Piaţa Victoriei, Piaţa Aviatorilor and Aurel Vlaicu from Bucharest will be direct competitors for the companies needing fast relocation in a tall building, with visibility, on the central axis of the city, with access to common transportation. Tower Center and Charles de Gaulle Plaza were developed by Alexander Hergan, the founder of Avrig 35 group, in partnership with Alpha Bank and Industrialexport (Tower Center), and respectively with CA Immo (Charles de Gaulle Plaza), but currently the buildings have other owners. Tower Center, a project that had encountered the insolvency, and a long period without tenants, was bought in 2012 by Ioannis Papalekas and Dragoş Bîlteanu for approximately 50 million euros, while Charles de Gaulle Plaza is since 2006 in the portfolio of the German investment company GLL Real Estate, following an 80 million euros transaction. If Tower Center, a building with a 22,000 sq. m GLA was never occupied, half of the area (12,000 sq. m) of Charles de Gaulle Plaza became available after the relocation of UniCredit Ţiriac Bank and Raiffeisen Bank. Raiffeisen will leave Charles de Gaulle Plaza and other buildings in the city in order to relocate in Sky Tower and in Floreasca Office building, both in the property of the real estate division, Raiffeisen Property. Raiffeisen is the only tenant announced by Sky Tower, the project with 41,000 sq. m having currently 34,000 sq. m available office space. (source: zf.ro)
Three Bucharest Office Towers are looking for tenants to occupy the 50 available floors
The landlords and their brokers need to persuade companies with nearly 7,000 employees to choose their premises, in a competition that appears to be the game of the year for the office market.
