“PPF Real Estate’s launched inaugural development project in the Romanian capital marks the start of construction complementing the city’s ongoing modernization work near the Northern Railway Station and the future terminal for the Bucharest Airport Express,” says PPF Real Estate’s Investment Director, Juraj Šaštinský.
The Arc project, valued at EUR 60 million, will offer modern office space of 30,000 square meters and will feature underground parking for more than 300 cars, charging stations for electric vehicles, bicycle facilities, and its own recreational garden. The area is swiftly transforming into a key Bucharest business quarter with superb public transit connectivity. Before the construction works the site was home to the city’s popular Depanero appliance repair outlet which already relocated from the premises of the future Arc office complex.
Romania is one of PPF Group’s key markets. Outside the real estate and development sectors the leading central European investment company is a major player in the country’s media industry, operating the leading commercial television channel PRO-TV.