“Our contract with Sky Tower ended at 31st of March and as far as we know the landlord is working with all the consultants in the market” has declared in a press conference Razvan Iorgu, the general manager of CBRE Romania, answering a question addressed by Mediafax. CBRE has been named exclusive agent of the project in September 2012. He didn’t provide details regarding the occupancy rate of the building nor did about other tenants to be involved in the project, apart the Austrian bank Raiffeisen. The bank currently occupies six floors in Sky Tower, from two to seven, meaning nearly 7,000 sqm. Thereby, in Sky Tower there are approx. 34,000 sqm for rent. Sky Tower and Floreasca Office represent the office component of the complex Floreasca City, developed by Raiffeisen Evolution, which will also be including a commercial center. Raiffeisen Property has bought in November 2011 the office component of the real estate project, a moment when it was announced that Raiffeisen Bank will occupy a part of the building. Sky Tower has 36 floors and the construction was completed last year, being the tallest in Bucharest, with 137 m height. Raiffeisen representatives estimated at the end of 2013 that more than 50% of the building will be rented, given that the rent starts from approx. 20 EUR/sqm for the higher floors and goes down to 14 EUR/sqm for the first floors. Regarding CBRE activity in the office segment, Iorgu showed that in the first three months of the year the company has intermediated contracts totalizing 10,000 sqm and is negotiating leases for 35,000 sqm in four projects in Bucharest, Timisoara and Cluj. (source: wall-street.ro)