The building will be completed in 2026, the developer said, a year analysts expect to mark the rebound of the local office space market after several years affected by the pandemic, work from home and lack of construction permits. This is the first new project of PPF in Romania after the death of its founder, billionaire Petr Kellner, in 2021.
The Arc is the third office space project announced in 2024, after the second phase of Timpuri Noi Square and One Technology District.
The Arc will have 30,000 square meters of premium office space and will be near the Basarab subway station. Located in the west end of the expanded center of the city, The Arc will become a key point in an area that is rapidly developing as a business center for Bucharest.
The Arc will also include an underground parking lot for more than 300 vehicles, EV charging stations, facilities for cyclists and storage space. It will also have its own recreational garden.
(English version by Loredana Fratila-Cristescu)