Timpuri Noi Square reaches 90% occupancy rate

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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 such locations like Biutiful Downtown and Carnivale Food Market, but also by its position near the center of the Capital, Timpuri Noi Square is 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 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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