Pedro Construct launches the ARQA brand

The association between Pedro Construct’s founder Petre Niculae, and businessman Florin Ababe, brings to the market a new real estate developer, with 100 percent Romanian capital, under the name ARQA.

After 30 years of existence, Pedro Construct has decided to go to the next level and start a new line of business, which comes alongside a change in vision and strategy for all projects that will follow. Through his association with Florin Ababe, Petre Niculae has already begun the first development under the ARQA brand - with the launch of ARQA Jolie Village, a premium residential complex in the Northern area of the Capital. The ARQA management structure will also include Lucia Niculae, who will hold the position of Chief Investment Officer.

“We build for the future! We have been here for three generations and will be around for at least three more generations. Our projects and years of experience show us the trust our clients have placed in us and in everything we do. ARQA is the project of the future, through which Pedro Construct, commits to offer through its developments, new standards and values to the real estate market,” says Petre Niculae, founder of Pedro Construct.

ARQA is preparing major investments in the real estate market for the coming years, these have already started with an investment of more than EUR 20 million in ARQA Jolie Village, the first residential project in the ARQA portfolio. Investments will continue this year with two more complexes in the Western area of Bucharest. Over the next 5 years, ARQA has already designed approximately 5,000 residential units in projects in Bucharest and is analyzing several plots in main cities across the country.