Bucharest Tower Centre’s owners out €400,000 a month

Owing to the fact that, according to sources, Tower Centre International’s representative in Romania, Florin Bratu, is to charge €30 per square meter in rent, and the building has 22 office stories (the other three are destined for technical departments), with some 600 square meters in usable space on each floor, the owners are losing some €400,000 every month, not counting maintenance and parking fees. Thus, since the end of last year, Bucharest Tower Centre has lost more than €3.5 mln, which it should have received from rents alone. According to the same sources, the Philip Morris and Transelectrica companies were interested in renting space in the building.

The building’s shareholders, Tower Centre International and Alpha Bank could not be contacted for comment by the time the print edition went to press, but, according to sources close to the conflict, Alpha Bank sued Tower Centre International for breaching certain contract clauses.