"Promenada will become a new attraction in the north area of the Capital, offering the public an attractive tenants mix, new concepts on the Bucharest retail market as well as an exterior terrace with more than 7,000 sqm, a green garden during summer and skate rink during cold season, where each category of clients could choose its place where to forget about the rush of the city", has declared Markus Neurauter, Managing Director of Raiffeisen evolution.

The total investment value of the developer exceeds EUR 130 million. The construction is developed on six levels, with two underground levels for parking and the other three levels hosting the commercial area of Promenada, with a rentable area of 35,000 sqm. The mall will feature 1,300 parking places.

Raiffeisen evolution is a real estate developer with headquarters in Wien, operating on the CEE markets.


The company’s portfolio includes residential complexes, office buildings, commercial centres, hotels and mixed-use projects. In Romania, Raiffeisen evolution activates since 2003. The company has successfully developed and sold three office projects: Oracle Tower, Sky Tower and Floreasca City Center Office, all strategically positioned, in Bucharest new business centre, near Aurel Vlaicu metro station, at the crossroad of three important Bucharest streets. (source: economca.net)