The foundation of the project is executed by Octagon Contracting & Engineering, a company run by Alexandros Ignatiadis, as co-founder, who had also executed the foundation of the Ana Tower project developed by George Copos.
Consultants on the local rea estate market believe that Tiriac Tower is the most awaited project within the CBD – Central Business District. The project, located on Buzesti Street, in the vicinity of Victoriei Square, is expected to host over 16,000 square meters of office space, 12 floors, plus five in the basement, and to be Green certified.
Tiriac Imobiliare, the real estate division of billionaire businessman Ion Tiriac, envisaged an investment of nearly EUR30 million in an office building on Buzesti Street, in the vicinity of Victoriei Square.
In 2014, Tiriac obtained a building permit for a 12-storey building.