Demetru Dobrescu 5 Project is one of the most well-known buildings in Bucharest. Today the project is still in our real-estate portfolio and it’s tenanted by McKinsey & Company, one of the market-leading "Big Three" in management consulting service.
In a certain way, the Paucescu House is a symbolic landmark of Bucharest. It manages to combine into a single eclectic concept the glass and steel roughness of the contemporary architecture with the remainders of the classic elegance of the mid-19th century French Renaissance style.
Originally the building was built as the residence of Grigore Paucescu a politician of the mid and late 19th century. The structure later became the embassy (legation) of Austro-Hungary, only to convert, during communist times in the headquarters of “Directia 5 – Securitate” the former Political. After the 1989 revolution and the years to come the building was abandoned. At present, the Paucescu House is the main headquarters of the National Architects Union.
Located in the Revolution Square, the Paucescu House offers a tourist spectacle virtually unparalleled by other sights in Bucharest. It is, without a doubt, an attraction not to be missed out while in Bucharest: a cubic glass and steel core rising above and defying a shell which hardly calls forth the spirit and the expression of the classic architecture.
