STRABAG Selected as General Contractor for The ARC, Bucharest’s New Landmark Office Building

• The ARC will offer 30,000 square meters of premium office space in a strategic location

• Construction is scheduled for completion in 2026

• The project to incorporate several sustainability features to ensure a modern, eco-friendly workspace

September 2024, Bucharest: STRABAG Romania is proud to announce that it has been selected by the developer and investor PPF Real Estate as the general contractor for the construction of its new state-of-the-art office building, „The ARC”.  This new landmark development will bring a modern ten-story Class A office building to the 6th District of Bucharest, setting new standards for office spaces in the area.

The ARC will offer 30,000 square meters of premium office space, strategically located near the Basarab metro station, in one of Bucharest’s rapidly expanding commercial districts. Positioned at the western end of the extended city center, The ARC is set to become a key asset in an area that is fast emerging as a core business hub for the city. Construction is scheduled for completion in 2026.

“At STRABAG, we are committed to delivering cutting-edge construction projects that meet the highest standards of quality, sustainability, and innovation. The ARC project is an excellent example of this commitment, and we are honored to partner with PPF Real Estate to bring this vision to life. To ensure the highest efficiency and precision, we will be utilizing advanced Building Information Modeling (BIM) processes throughout the project. This approach allows us to integrate data-driven decisions at every stage, ensuring that The ARC not only meets but exceeds the expectations of all stakeholders.”, said Johann Poelzl, Civil Engineering Technical Director at STRABAG Romania.

“The ARC will be a landmark building in one of the city’s fastest-growing business districts, and we believe it will set new standards for modern workplaces in the region. We are confident that STRABAG’s involvement will ensure the successful delivery of a building that exceeds the expectations of our future tenants.,” said Juraj Šaštinský, PPF Real Estate’s Investment Director.

The ARC will not only provide outstanding office space but also a range of modern amenities, including underground parking for over 300 vehicles, charging stations for electric cars, facilities for cyclists, and ample storage space. Additionally, the building will feature its own recreational garden, offering a green oasis in the heart of the city for tenants and visitors alike.

Accessibility is a key feature of the project. Located in a commercially developed area with excellent transport connections, the office complex will offer easy access to metro, tram, and train services. Looking ahead, plans are in place for a direct train link to the international airport, with a terminal located conveniently close to the future office complex, further enhancing connectivity for businesses.

Upon completion, The ARC will stand as a testament to STRABAG’s dedication to excellence in construction and urban development.

About STRABAG

STRABAG SE is a European technology group for construction services, a leader in innovation and financial strength. Our activities cover all areas of the construction industry and span the entire construction value chain. We create added value for our customers by taking an end-to-end view of construction throughout the entire lifecycle – from planning and design, through construction, operation and facilities management, to refurbishment or demolition. In all our activities, we take responsibility for people and the environment: shaping the future of construction and making significant investments in our portfolio of over 250 innovation projects and 400 sustainability projects. Through the hard work and dedication of our approximately 86,000 employees, we generate an annual production volume of around €19 billion.

Our dense network of subsidiaries in various European countries and on other continents extends our reach far beyond the borders of Austria and Germany. Working together with strong partners, we pursue a clear goal: to design, build and operate construction projects in a way that protects the climate and conserves resources. More information is available at www.strabag.com.

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. STRABAG Romania ended 2023 with a 65% increase in production volume, from €315.46 million in 2022 to €519.26 million. It also saw a 10% increase in the number of employees (FTE), from 1,768 in 2022 to 1,942 employees (FTE) at the end of last year.

About PPF Real Estate

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.