Evo Properties announces its first project: the reconversion of the Class A+ office buildings, London and Oslo, into a multifunctional hub. This new concept is dedicated to creating a vibrant space for offices, culture, hospitality, as well as medical and wellness services. This is just the first step in the evolution of River Tower Project into the new company – EVO Properties – a developer with a clear and ambitious vision for creating sustainable and interconnected communities. With a strong commitment to sustainability and the well-being of those who will use these spaces, EVO Properties aims to redefine urban development, offering more than buildings, but an ecosystem fostering long-term value and quality of life.
The new multifunctional hub is the result of a bold and innovative vision. The current functionality of the Class A buildings, London and Oslo – among the few in Bucharest with BREEAM Outstanding certification (scoring 90.3% in 2023) – represents the first step in the evolution of the River Tower Project towards EVO Properties. The developer aims to set new standards for the next generation of co-living spaces, designed specifically to meet the dynamic lifestyle of end-users, in a vibrant and collaborative ecosystem.
Beyond providing workspaces, EVO Properties is dedicated to building thriving communities, where people can collaborate and care for one another. From thoughtfully interior designs to engaging events, every detail is carefully curated to create a unique and memorable experience for each community member.
The London and Oslo buildings have successfully hosted a mix of multinational companies and local entities, offering modern office spaces tailored to clients’ needs. As part of the reconversion into a multifunctional hub, a significant investment of over 10 million Euros is required to accommodate new tenants and repurpose existing office spaces. A substantial portion of this investment, amounting to 5 million Euros, will be allocated within the next six months.
“Our vision for the London and Oslo buildings, as well as for future projects, developed under EVO Properties company, is to create spaces that go beyond traditional office environments. This is the first approach, already under process, to implement a multi-functional hub through the partial conversion of new, A+ class office buildings. 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”, declares Adinel Tudor – CEO of EVO Properties.
By the end of 2025, the over 31,000 sqm of the London and Oslo buildings will be transformed into a multifunctional hub featuring a balanced mix of uses. Modern offices will occupy approximately 50-60% of the leasable area, while hospitality services and medical & wellness facilities will account for 20-25% and 10%-15% will be allocated to medical and well-being services. The remaining area is occupied by the Lumina Cultural Center, a pioneer in organizing theater performances in a space adapted from an office building, bringing art to the heart of the community. There are also spaces dedicated to various services that complement the experience of those who come to the office daily, including a café that is set to open in the coming months. One of the most experienced independent specialty coffee operators will greet the London and Oslo community in the morning with the aroma of freshly roasted coffee and pastries straight from the oven.
The total leasable area across both the London and Oslo buildings is 31,524 square meters, with London accounting for 21,347 sqm and Oslo for 10,177 sqm. Currently, there are contracts signed or in the process of being signed for over 15,500 sqm, representing more than 50% occupancy of the two buildings. Leasing efforts since the beginning of the year have resulted in over 10,000 sqm signed in 2024. Regarding estimates for 2025, considering the already high demand, contracts for another 8-10,000 sqm are estimated by the end of the year.
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About EVO Properties
The London and Oslo buildings were developed under River Tower Project management.
At the end of 2023, with the amicable separation of the former Sema Group partners, the foundation was laid for the development of the dedicated team in charge with managing River Tower Project as well as the evolution to EVO Properties, a new compay committed to creating multifunctional, sustainable, and community-oriented spaces. EVO Properties’ medium-term plans include the development of other spaces with multiple and durable functions for the benefit of urban micro-communities.