Vastint leases another 1,900 m² in Timpuri Noi Square

July 25th 2017

Vastint Romania leased 1,000 m² of office space to Netcentric Eastern Europe and 900 m² to Phoenix Contact in the mixed-use development project Timpuri Noi Square from Bucharest.

Netcentric is a fast growing internet system integrator with activities in building and implementing web applications and digital platforms for large enterprises. It is a dynamic company at the heart of a rapidly changing, hyper-connected digital world. They are an official and certified Adobe Partner and they use their Adobe Marketing Cloud experience for their clients’ diverse needs. This recipe has led them to a rapid growth and local offices in more than 10 countries worldwide.

Dan Beldiman, Managing Director of Netcentric EE, said: “We are continuously growing and we decided to open our Netcentric Bucharest office knowing that here we can find the expertise to lead our next projects. In August 2016 we have welcomed the first colleagues, the early adopters that set the basis for our growth in Romania. Thus, we looked for the perfect office setup, a friendly and flexible environment. We strongly believe we have found it within Timpuri Noi Square, which is innovative, modern and allows us to live our values. We can’t wait to get the space Netcentrified.”

Phoenix Contact is a global market leader and innovator in the electrical engineering and automation sectors. Founded in 1923 in Blomberg, Germany, the family-owned company now owns an international distribution network providing guaranteed proximity to its customers. Phoenix Contact offers innovative products and solutions in the field of industrial connection technology, automation, interface-systems and surge protection.

Silviu Toma, Managing Director of Phoenix Contact Romania, said that “After more than ten years on the Romanian market, we decided to take advantage of moving our company to a location which gives the best value for both our customers and our employees. A new level of professional performance is also a challenge for our company infrastructure and we believe that Timpuri Noi Square is a perfect match for us.”

Antoniu Panait, Managing Director at Vastint Romania, notes “It is a great pleasure to see that market leaders in their field of activity, want to offer a better life to their employees. Both Netcentric and Phoenix Contact choose Timpuri Noi Square as headquarter due to the proven quality of the premises, central location and very good access to all means of public transport. 30 minutes commuting becomes a reality. Major sleeping districts are directly connected to our project through M1 and M3 metro lines.”

Timpuri Noi Square has a planned leasable area of 100,000 m² of office and retail, plus 50,000 m² of residential space. It is the largest mixed-use project in Romania today.