Timpuri Noi Square, Vastint Romania’s first project, reaches an occupancy rate of 90% within the 3 buildings situated in Bucharest, leasing more than 47.000 m², and welcomes since last year tenants like Bolt (formerly Taxify), Allergan, Exiger and Streamwide, developing a community of more than 3.000 employees.
Having the premises of a mixed project with specific class A technical facilities, with an attractive retail offer, consisting of locations like Biutiful Downtown and Carnivale Food Market, but also by its position near the center of the Capital, Timpuri Noi Square is becoming a new IT pole in Bucharest, fitting at full occupancy almost 5.000 IT experts, engineers and experts in key areas.
Bolt, formerly Taxify, the leading European on-demand transportation platform, leased over 1,200 sqm of offices at Timpuri Noi Square office complex, developed by Vastint Romania. The leasing transaction was advised by Daniela Popescu, Associate Director, and Alexandru Orzea, Senior Associate Office Agency at Colliers International.
“Lately, we have seen major start-up investments resulting in an accelerated business growth, which almost inevitably translates into an expansion of the team and the space it needs. The real estate component is very important for a company’s first relocation, especially nowadays when the office has become an employer branding tool with direct impact on recruitment and talent retention. The project developed by Vastint Romania is located in a new office hub with easy access any time of day and with excellent visibility, and the time the Bolt team has already spent there confirms that Timpuri Noi Square was the best solution for Bolt's needs”, Daniela Popescu, Associate Director Office Agency at Colliers, said.
“The team’s development in Romania is on the rise. Naturally, there is a need for a more generous space that can accommodate the entire customer service and software development team, but which is also more visible, able to facilitate the communication with our partners. We sought a visionary project, just like the Bolt business, and, together with the Colliers team, we have identified Timpuri Noi Square as the most suitable <home> for the growth of the Bolt team“, Andreea Magraon, Marketing Manager Bolt.
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Timpuri Noi Square
Timpuri Noi Square is one of the largest mixed-use project in Romania today of 100,000 m² of modern, class A office, and 50,000 m² of residential area, to be ready in the near future.
Timpuri Noi Square provides a welcoming, healthy working indoor environment, by means of a silent air conditioning and ventilation system, thermal comfort control, 3-meter clear floor height and increased natural light provision. Furthermore, the project offers a dynamic and inviting plaza with restaurants, terraces, coffee shops, snack bars and retail amenities for recreation and fun.
In March 2018 the first two office buildings of Timpuri Noi Square achieved LEED Platinum certification.
Colliers International
Colliers International (NASDAQ, TSX: CIGI) is a leading global real estate services and investment management company. With operations in 68 countries, our 14,000, enterprising people work collaboratively to provide expert advice and services to maximize the value of property for real estate occupiers, owners and investors. For more than 20 years, our experienced leadership team, owning more than 40% of our equity, have delivered industry-leading investment returns for shareholders. In 2018, corporate revenues were $2.8 billion ($3.3 billion including affiliates), with more than $26 billion of assets under management.
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