www.business-review.eu Business Review | March 2020
6 REAL ESTATE
Vastint Romania turns central Bucharest into real estate hotspot Antoniu Panait, managing partner at Vastint Romania, tells Business Review about the impact of Timpuri Noi Square, one of the company’s flagship projects, and the way it reshapes the Bucharest real estate market. By Anda Sebesi Timpuri Noi Square is a dynamic new urban hotspot in the city centre. What are its main features? Our team is extremely proud that we’ve managed to develop a new business hub with our project Timpuri Noi Square, in the central area of Bucharest. Timpuri Noi Square is a mixed project that is going to have an estimated total built area of 150,000 sqm. Reconverting an old factory into a successful and sustainable project, first of all dedicated to a growing community represented by the tenants of Timpuri Noi Square, is one of the project’s main features, combined with some technical details that we brought to the market for the first time. Besides the location, which is certainly one of our most important assets, we have built a project that is going to be sustainable over the years, marking a step forward in the evolution of these types of projects.
What are its key benefits? Vastint Romania has been the promoter of 3-metre floor-to-ceiling height in our class
even greener office hub, Business Garden Bu-
comes as a complementary project, covering
A offices, as well as of great finishes and
charest, which strengthens the bond between
the western part of Bucharest, with a unique
construction materials, having established
urban nature and people with more than 30
landscape and an amazing reception concept,
a new standard for the Romanian market.
percent green areas, an amazing reception
as well as technical facilities that have led
We only use energy-saving electrical equip-
concept with common working spaces.
to an LEED Platinum certification with the highest score in CEE. Both projects are LEED
ment and LED lighting, HVAC systems with
platinum certified, and taking the first 5 places
are openable at every 2.7 metres, with an
What can you tell us about the development of your business on the local real estate market?
emphasis on increased natural light provision
Vastint’s history in Romania started more
aware about the greatness of our projects and
and views of outdoor surroundings, but the
than 10 years ago, when nobody believed that
the impact we can have on the market.
most important element would be our focus
we could change companies’ point of focus
on the community: that’s why we are creating
from the northern part of the city to the cen-
and implementing multiple activities for the
tral area. Timpuri Noi Square has shown its
What are your short and medium-term plans in Romania?
people that work in our buildings. Timpuri
success in becoming one of the most impor-
The future will bring a further development
Noi Square holds a great focus on the people
tant office hubs in Bucharest, hosting great
phase for the office buildings in Timpuri
who are populating our buildings. As a result
names like Biutiful Downtown, Carnivale
Square, as well as a new challenge for Vastint
of the great impact that Timpuri Noi Square
Food Market, Zitec, GoPro, Impact Hub, Bolt,
Romania, through the Sisesti residential
had on the market, we decided to develop an
and many others. Business Garden Bucharest
project.
superior ventilation capacity using 100 percent fresh air supply, all our windows
in the Romanian ranking has been our greatest achievement so far, and has made us more
