PPF Real Estate announces it has chosen the Romanian unit of Strabag as the general contractor for the construction of ARC, a premium office building to offer 30,000 square meters of space in one of Bucharest’s expanding commercial districts near the Basarab metro station. The ARC project is PPF Real Estate’s first development project in Bucharest, adding to the company’s existing office spaces available at Metropolis Center and Crystal Tower office buildings. The construction of the state-of-the-art and environmentally friendly ARC is scheduled for completion in 2026. “We are certain that ARC will be a trailblazer among top-notch office spaces in Bucharest and Romania. We are thrilled to select Strabag due to its excellent long-term track record in delivering building constructions to the highest standards, enabling investors and landlords to satisfy their tenants,” says Juraj Šaštinský, PPF Real Estate’s Investment Director. *** PPF Real Estate develops and manages commercial and residential projects across several markets in Europe and the US, including Florida, Poland, the UK, the Czech Republic and Romania. STRABAG SE is a European technology group for construction services. STRABAG has been active on the Romanian market since 1991, establishing its headquarters in Bucharest in 1994. Today, STRABAG Group has subsidiaries in all major regions of Romania and operates in all construction sectors, especially in the transport infrastructure, building construction and civil engineering segments, as well as in environmental construction projects.
The Titan Heavy Machinery (Mașini Grele) industrial platform in Bucharest’s District 3 will be put up for public auction, as part of the insolvency procedure, with a starting price of EUR 16 million. The assets include a 47,286 sqm plot of land, industrial halls with a total area of 34,870 sqm, an office building (Basement […]
Railway unions in Romania criticized the government’s plans to cut costs for the national railway operator, CFR, in a press release published on Wednesday, July 23. They say that low investments in rail infrastructure have lowered the average speed at which passenger trains travel to 44 km/h, while freight trains do not exceed 17 km/h. […]
A video mapping show is scheduled to take place this Friday, July 25, at Cinema Marconi, a former cinema hall in Bucharest which has been lying in ruins for years. The building is located at the intersection of Calea Griviței and Atelierului Street, in the city's historical Buzești-Berzei area. The event, organized by the non-profit Arcen, will […]
Roughly 69% of respondents to the Voice of the Consumer 2025 survey conducted by PwC Romania use apps or smart devices, which have influenced their daily habits, with a third even stating that they have significantly changed their lifestyle. The use of health monitoring devices, such as smartwatches or glucose monitors, shows that Romanians are […]
The Oradea Pride March will take place, even though Oradea City Hall has "banned" the event, according to the organizers, the ARK Oradea Association. Oradea City Hall denied ARK’s request to hold the march, citing public works and other public gatherings on each of the 11 proposed routes. No alternative routes were proposed, but the […]
Romania and Poland stand out as the most pet-loving countries in Europe, with high percentages of ownership for both cats and dogs. Romania ranks first for cats and third for dogs, while Poland ranks second in both categories, according to an analysis by Swedish website for feline lovers Kattly, cited by Reuters. The analysis shows […]
