KARL STORZ Endoscopia ROMANIA joins Timpuri Noi Square complex

KARL STORZ Endoscopia ROMANIA joins the Vastint Romania community at the Timpuri Noi Square complex, leasing approximately 1,000 m² of office space

Vastint Romania, part of the VASTINT group, an international company with over 30 years of experience in real estate, announces the signing of a new lease agreement within the Timpuri Noi Square office project with KARL STORZ Endoscopy ROMANIA, a sales subsidiary for the international leader in the field of endoscopy, KARL STORZ. The company will commence its operations starting from the fall of this year in the new leased space within the TN Offices 2 building, with an area of approximately 1,000 square meters. The transaction was facilitated by CBRE, a global leader in commercial real estate services and investments.

” We are pleased to announce the expansion of the Timpuri Noi Square community through the addition of a new partner, KARL STORZ Endoscopy ROMANIA, a sales subsidiary of KARL STORZ, the international leader in the field of endoscopy. The relocation of the company’s headquarters to the TN Offices 2 building within the Timpuri Noi Square project is a testament to the attractiveness and functionality of our office spaces. With an area of approximately 1,000 square meters, the new office will provide employees with a modern working environment tailored to their evolving needs and access to a variety of services. We thank KARL STORZ for their trust and establishment of a long-term partnership, and CBRE for their assistance and attention to the needs of all parties, thus contributing to the identification of the most suitable solutions for us and our new partner,” said Sorin Macoveiu, Commercial Director at Vastint România.

The Romanian subsidiary of KARL STORZ provides consultation, sales, and service of KARL STORZ products from specialties of human and veterinary medicine. It aims to continuously expand the use of endoscopy for diagnosis and therapy, as well as to meet the demands of customers and the health care system by supporting courses, workshops, and conferences and by promoting the establishment of training centers.

“ We are delighted to announce the opening of our new office in Bucharest, marking a significant step in the company’s evolution on the Romanian market. After a period of steady growth and the firm’s commitment to excellence, we realized that our current location could no longer support the needs of a growing and forward-looking team. Thus, we made the strategic decision to move to a space that reflects not only the size of our team but also our vision for the future. This office also coordinates the KARL STORZ’s activity in Central and South Eastern Europe (CSEE). With a more accessible and modern location, KARL STORZ Endoscopia ROMANIA is determined to continue its tradition of excellence and innovation, while continuing to offer superior products and services to our customers,” declared Cristian Turcu, Director Regional CSEE.

The Timpuri Noi Square office complex offers 53,000 m² of modern class A office space, LEED PLATINUM certified, 920 parking spaces, and 3,700 m² of integrated commercial space in a dynamic and welcoming market area, located in the immediate vicinity of the Timpuri Noi metro station and with easy access to the city center.

The signing of the contract between KARL STORZ Endoscopia ROMANIA and Vastint Romania has been completed, establishing the transition of the new tenant’s employees to the offices at Timpuri Noi Square at the end of the third quarter of this year. The transaction was professionally mediated by the real estate consultancy company CBRE.

„Timpuri Noi Square is a project that has believed in innovation from the very beginning and the companies that have chosen it have grown steadily, gaining in their turn a reputation as innovators in the various industries in which they operate. Our partners at KARL STORZ become part of this dynamic community by choosing Timpuri Noi Square following a real estate process in which we eased them into identifying this new home, one that will allow their team to further drive innovation and performance,” declared Vlad Damian, CBRE Head of Advisory & Transaction Investor Leasing pentru divizia de office.

Since 2017, the development of Timpuri Noi Square has brought new public recognition to this area of the capital, being one of the five urban centers that cross the heart of Bucharest and one of the capital’s important markets.

Timpuri Noi Square is a highly architectural project well connected to all other areas of the city, both in terms of public transport and road access. Located in the middle of a densely populated residential area, the Timpuri Noi Square concept has contributed to the rapid development of the local service market and to the increasing interest in office and residential spaces.

The second phase of the development of Timpuri Noi Square will double the commercial area of the mixed-use project TNS, as well as increase by 50% the total area of offices and commercial spaces owned by Vastint Romania, which will reach 150,000 m² including Business Garden Bucharest project.

Vastint Romania is a Real Estate company operating in the Romanian market since 2008. The company owns 2 premium office projects, each with 3 buildings, with a total leasable area of 95,257 m². Vastint Romania’s new development plans for the second phase of Timpuri Noi Square rotate the company’s leasable portfolio and bring it to 150,000 m² of office and commercial spaces.

KARL STORZ Endoscopia ROMANIA was established in 2007 as a sales subsidiary for the international leader in the world of endoscopy, the MedTech company KARL STORZ, which was founded in 1945 in Tuttlingen, Germany. Now in its third generation, the family-owned company employs 8,800 people in more than 40 countries worldwide. The company portfolio includes more than 15,000 products for minimally invasive surgery.

CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2023 revenue). The company has more than 130,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. In Romania, CBRE serves a diverse range of clients with an integrated suite of services including transaction management and coordination, project management, design and build services, property management, investment management, valuation, property rental, strategic consulting, property sales, mortgage services, and development services.