Profile:
Owner, Tiriac Group
Turnover of real estate division:
€ 14.5 million
Ongoing investments:
Tiriac Tower, Stejarii Residential Club 2,
Timisoara Retail Hub
Experience:
Over 30 years’ experience on the Romanian
market
One of the iconic figures of Romanian sports, Ion Tiriac owns a large holding with diverse activities such as auto, real estate, financial, air travel or energy. The real estate arm of the group covers numerous segments of the market, with retail properties (auto showrooms & Praktiker Targu Mures), residential schemes (La Stejarii luxury compound with 535 rented apartments and Rezidenz, a 485 apartments project, sold out at the end of 2019) and office buildings (Tiriac Tower, Tiriac Center, Vama Postei, Nouveau Center).
“In sports, winners are those who anticipate and act, calculating their every move. Likewise in real estate, you build where you estimate the market will be in the future. Whether we are talking about offices or residential areas, retail spaces or real estate projects related to education and sports, it is important to develop for tomorrow, bearing in mind the job well done today.”
Tiriac Tower – a new, posh office property near Victoriei Square in Bucharest CBD is the group’s latest real estate project. The tower was designed as a strong and reliable building, with exceptional attention to quality and unrivalled focus in details, to create a new landmark for the city. The result is a timelessly elegant, yet highly functional premium office building.
Tiriac Imobiliare is also working on the concept for a large scheme, on the former IFMA industrial platform of 25.000 sqm. The first step was taken by the demolition of old structures and buildings on the platform, including the 114-meter high IFMA test tower for elevators. Located centrally, near Bucharest North Railway Station, the platform is to be transformed into a landmark, sustainable project.