Cautiously and sensitively

Under construction and planned Raiffeisen evolution is currently in the process of developing the Floreasca City Center mixed-use project in Bucharest. The FCC Office and Sky Tower (16,000 sqm) office buildings have already been completed, with the Promenada shopping centre (55,000 sqm) to be opened in October. In the meantime, the company has sold the office section of Floreasca City Center to the Raiffeisen Property Holding International group, which together with Raiffeisen Bank Romania leases the entire building and has just moved into its new headquarters. The purchase of the 11 ha plot in the northern part of Bucharest for the Floreasca project was one of the largest transactions of its kind in Romania in 2008. "We expected the CEE market to develop faster than it actually did, believing that in 2012 the markets would return to the road of stable growth, but this seems to have only partially happened. The Russian market is currently doing well and has promising prospects ahead of