Timpuri Noi Square – construction of the third office building commenced

July 11th 2017

Vastint Romania is closer to reach the planed 100,000 m² lettable area in the city center. Bog’Art was appointed as the general contractor for the third building with a total surface of 20,000 m² lettable area of modern, class A office and retail area.

Located in the city center, along Splaiul Unirii, just across the street from Timpuri Noi subway station, the project inhabits an area abundant in amenities such as highly convenient public transport connections, educational centers, shopping centers, Carol & Tineretului Parks, Vacaresti Nature Park, banks and further administrative hubs.

M1 and M3 subway metro lines are making just 30 minutes commuting a reality by directly connecting the largest sleeping districts to Timpuri Noi Square.

On the ground floor of the buildings, in the plaza area and in the surrounding area, there will be various commercial areas available, including leisure options. Inside tenants will find a welcoming and healthy work environment by means of excellent fresh air supply, 3 meter clear floor height and increased natural light provision.

The third building investment is a continuation and enhancement of the largest mixed use project located in the city center of Bucharest. The first and second office buildings comprise a total of 32,000 m² lettable area and are now fully functional. The first tenant is dcs plus who started the activity on 1st of July. Tenants as Fratelli, Impact Hub, Kruk will start the activity in the next period.

The construction works of the third building are planned to be completed in H2 year 2018.

Antoniu Panait, Managing Director of Vastint Romania, says, “It is a pleasure to start our first collaboration with the experienced Bog’Art team. I am confident that they will be able to deliver the project successfully and meet our expectations in regard of quality, cost and schedule.

The leasing process of the first and second building has been successful. We are thrilled to add another 20,000 m² and be closer to reach the planed 100,000 m² total lettable area at Timpuri Noi Square.

The city center is changing rapidly and Timpuri Noi Square is a trend setter. For the benefit of our tenants we implement the highest EU standards from safety and quality point of view.” 

Sorin Greu, Managing Director of Bog’Art, says, “We are honored by the trust our partner Vastint Romania showed in granting us the third building of the mixed use project Timpuri Noi Square. The technical and engineering challenges of the project will find in Bog’Art the best General Contractor that can meet the terms and the quality requirements. For Bog’Art, this project represents a promise to our clients and to ourselves, and its completion will be yet another proof of the professionalism and performance of our organization. We are prepared to demonstrate how Excellence in Construction is achieved.”

Bog’Art, winner of the title “Best of the Best Constructor in Central Eastern/Southern Europe 2017” and awarded “The Best Constructor in Romania” for the last four consecutive years by the prestigious real estate publication Construction & Investment Journal, sets the pace of the construction market in Romania since 1991.

General Contractor and Developer in the area of civil and industrial construction, Bog’Art has successfully delivered to his customers for the past years, 3 million square meters of construction spaces, with a contracted value of 1.6 billion Euros.

Having a unique and privileged portfolio, Bog’Art ensures construction performance, safety in exploitation and sustainability.