Vastint Romania starts second phase of the Timpuri Noi Square project in Bucharest

Vastint Romania announces the start of the second phase of its real estate project Timpuri Noi Square, the urban regeneration project for the Timpuri Noi area in Bucharest.

After obtaining the necessary permits and completing the preparation phase for construction, the second phase of the Timpuri Noi Square project begins. The additional area of the project will total 105,000 square meters of gross built area (GBA) and will include two new office buildings, resulting in a doubling of the available office and commercial spaces within the Timpuri Noi Square complex.

“We are proud and excited to mark this new stage of the Timpuri Noi Square project. We are facing an innovative initiative – a mixed-use urban regeneration project of significant importance. The second phase of the Timpuri Noi Square project will be an absolute premiere, being the first office building project under construction to completely eliminate the use of fossil fuels, designed and set to be executed according to the latest nZEB and LEED standards. Renewable sources will be used for heating the buildings, such as 1,700 square meters of photovoltaic panels and 2 heat pump systems, some of which are air-to-water systems to be installed on terraces, and others are ground-source systems that will utilize 200 geothermal wells. Therefore, we entirely remove the utilization of gases. We aim to achieve the highest level of green certification, LEED Platinum, for this project, continuing Vastint Romania’s tradition of promoting sustainability in all oour portfolio projects. Additionally, Timpuri Noi Square’s construction endeavors will engage over 1000 individuals, reflecting Vastint Romania’s commitment to generating substantial employment opportunities.” stated Antoniu Panait, Managing Director of Vastint Romania.

The structural works of the second phase of the Timpuri Noi Square project will be managed by Vastint Romania’s partners, DESA ENGINEERING CONSTRUCTION, while the supervision and management of the construction site, along with compliance with Health and Safety regulations, will be ensured by the experts at Bureau Veritas.

“We as Bureau Veritas, through our Business & Infrastructure department, feel honored to support Vastint on this great endeavor which involves innovative urbanistic approach with sustainable impact and objectives. Our main role during this project is related to verifying and monitoring the quality of the execution of the construction elements, together with the coordination of the entire activity according to occupational health and safety regulations. By its involvement in this project, Bureau Veritas joins Vastint in ensuring that the highest quality standards are followed and achieved.” stated Carlos Garza-Castillo, Country Chief Executive Romania

„We are grateful to Vastint Romania for their trust in awarding us with the contract for the execution of the structural works of Timpuri Noi Square Phase 2 Project. We are sure this will mark the beginning of a succesful partnership. We would like to ensure them of the full support of DESA ENGINEERING CONSTRUCTION for achieving the target objective, within the highest quality standards, with respecting rigorously the technical project and the technical regulations in force, the project timeschedule, and the health and safety requirements” declares Erkan Demirezen, Administrator DESA ENGINEERING CONSTRUCTION.