The Turkish-held marketplace has not yet announced an office location in Bucharest, although it stated its intention as early as February 2025, and ARC is set to be completed in the first quarter of 2027, with most of its 30,000 square meters still unlet. Neither the developer, nor the company has confirmed any talks.
The building is the first new office space delivery in Bucharest after a two-year period with almost no new projects, and every lease signed there is closely watched as an indicator of how much demand still exists in the market.
The project, with an announced investment of EUR70 million, features floors of 3,000 square meters. Premier Energy Group signed a lease in September for an entire floor, with relocation also estimated for the first quarter of 2027, and if talks with Zalando are confirmed, the pre-letting rate would rise to about one-fifth of the total space before delivery.
“As the project is taking shape, we’re seeing strong interest from organizations looking for a workspace ready for the demands of the future,” said Mirela Ciovica, head of leasing at PPF Real Estate Romania, in September.
Negotiations for ARC take longer than for a standard lease because PPF delivers the spaces fully fit-out, including furniture, and the fit-out is detailed in a technical appendix to the contract.
(English version by Loredana Fratila-Cristescu)