The building is located near the shopping mall Plaza Romania which is also held by Anchor Grup.

The 12-storied office building will stretch onto 36,600 square meters and will attract investments of around EUR50 million, according to data previously released by the company.

Anchor also owns in Bucharest office building Anchor Plaza, shopping malls Bucuresti Mall and Plaza Romania and real estate compound Incity Residence. Early October, the company said it will invest EUR50 million to extend and renovate the two malls.

Anchor, part of Turkish Fiba Group, entered Romania in 1997 and developed the first mall on the local market, Bucuresti Mall. Fiba Group was founded in 1987 and holds assets of over $18 billion worldwide. The group operates the following sectors: banking, leasing, factoring, insurance and investment funds, as well as aviation, retail, real estate, energy and naval constructions. Fiba has 74 companies in 12 countries, employing over 12,000 people.