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Colliers International, assigned Property Manager for the office project Vox Technology Park in Timisoara. The managed office portfolio grows by 10%

The real estate consultancy company Colliers International was assigned by Werk Property Group to offer property management services for the Vox Technology Park office project in Timisoara. Therefore, the Colliers International team strengthens its leading position on the office property management market, as the managed office portfolio grew by 10% up to 280,000 leasable sqm, out of a total portfolio of 380,000 leasable sqm.

The varied portfolio managed by the Colliers International team includes office buildings and industrial projects throughout the country and in Bucharest. The addition of Vox Technology Park, the 12th office project for Colliers, represents the consolidation of the portfolio’s office segment not only by extending it to an important regional emerging pole but also through the added value of a modern and high-performance real estate project. Moreover, the increase at a regional level highlights the increased appetite from owners outside Bucharest for property management services and, consequently, the maturing of this market”, Stefania Baldovinescu, Senior Partner and Director of Real Estate Management Services at Colliers International said.

Vox Technology Park is one of the most modern office buildings in Romania, recently delivered on the market after an investment of about EUR 30mn. The project has a leasable area of 26,600 sqm, divided in a building with two bodies of seven and ten floors respectively, also offering spaces of up to 3,500 sqm per floor, the largest area available at this moment in Timisoara. The project has 280 parking spaces, including several electric car charging stations and bicycle spaces. Additionally, in the immediate vicinity of the project, an overground parking with 400 seats will be built this year. Once this is completed, Vox Technology Park will offer one of the best ratios between the leasable area and the available parking spaces, resulting in one parking spot for every 39 sqm of leasable space.

The building has unique features such as biometric identification through an application that will generate a QR code key after facial recognition or biometric fingerprint / authentication, but also offers competitive advantages for prospective employees such as showers and bicycle spaces, a food court and fitness room, shopping and service facilities. Vox Technology Park is the first real estate project in Timisoara to obtain an international certification for sustainable buildings BREEAM Interim with Excellent rating, with a score of 85.59%, this being the highest score ever granted in Romania for a new construction, regardless of the real estate segment. 

We have achieved our goal of developing one of the most modern real estate projects in Romania, not just in Timisoara, an achievement confirmed by the BREEAM rating and the list of offered features. The project's tenants can be confident that they will benefit from the best environment for increasing their teams and businesses, with lower monthly costs compared to other projects. Choosing a reputable real estate consultant with a great experience in managing real estate projects is in the same vein”, Virgil Tornoreanu, managing partner Werk Property Group, the project developer, declared.

Werk Property Group is one of the most important developers in the western part of the country and has been active for many years on the residential segment. Businessman Virgil Tornoreanu also owns the Vox FileMaker Solutions software company, which develops programs and applications for international companies and various public and banking institutions in Western Europe, and is also the authorized Apple Vox Store reseller and service in Romania.

Colliers International's Real Estate Management Services team will provide full property management services, from tenant relationship management, to operational monitoring, financial services and ownership reporting.

The portfolio managed by Colliers International's Real Estate Management Services team includes, besides Vox Technology Park, office projects such as The Landmark, The Bridge – phase I, Phoenix Tower and Construdava, Art Business Center (Ponderas Academic Hospital), Hermes Business Campus, Green Court, Ethos House, Polona 68, Allianz Office Building Brasov and Stefan cel Mare Building, as well as three industrial parks in Timisoara, Brasov and Arad.

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Stefania Baldovinescu

Senior Partner | Romania


Ştefania joined Colliers International in 2005, undertaking advisory work and developing the consulting business (feasibility and market studies, financial reports and risk analysis). In this role, Ştefania coordinated important analysis for mixed-use projects and later on she managed the consulting team.

In January 2011 Ştefania launched the Real Estate Management Services (Property Management and Green Certifications) in the role of Department Director.  She is focused on creating value and implementing strategies for existing clients, winning new clients, looking for new business opportunities, as well as developing and retaining talented people in the team. She monitors all contracts to ensure that contractual obligations are being met and that the services provided are of high quality standards.

Since 2013, Ştefania is a Board Member of Colliers International Romania and under this role she is actively participating in the overall business strategy of the company and key projects developed across the firm. 

Prior to joining Colliers International, she worked for Morgan Stanley in Ohio, USA and for British American Business in London, UK.

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