Timpuri Noi Square reaches 90% occupancy rate and is preparing for further development
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.
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.
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.