Thursday, 16 April 2026
Vastint Romania, part of VASTINT Group, announces the signing of the first lease agreement for the second phase of Timpuri Noi Square. SCOR, a leading global reinsurer, has selected the project for the permanent establishment of its operations in Romania, where it will occupy a space of 3,250 sqm.
SCOR recently selected Business Garden Bucharest, also part of Vastint Romania’s portfolio, for its first office in Romania, where it currently occupies 2,320 sqm. The company will remain there until the summer of next year, when it is set to relocate to Timpuri Noi Square Phase 2, expanding into a larger space.
“Signing this pre-lease agreement with SCOR for the next phase of Timpuri Noi Square marks a natural continuation of a partnership that started within our own portfolio. It reflects an organic development, built on trust and a shared vision for high-quality work environments. At Vastint Romania, we value long-term relationships and the confidence our tenants place in us, and we remain committed to supporting their growth. We focus on staying flexible and working closely with our partners to identify the right solutions as their needs evolve. We are pleased to see this collaboration continue and to support SCOR in the next step of their development in Romania. At the same time, we are in advanced discussions with several other companies interested in Timpuri Noi Square Phase 2, further confirming the strong appeal of our flagship project” declared Antoniu Panait, Managing Director, Vastint Romania.
“SCOR Bucharest has a clear direction to build a strong team and expand its capabilities, with a view to making a meaningful impact at a global level. To support this, we need a workplace that truly enables collaboration, performance, and connection.
Our decision to move next year into a larger space reflects our confidence in our success on the Romanian market and our long-term commitment to growing our presence here. At the same time, this step reinforces our long-term partnership with Vastint Romania, a developer that consistently understands and supports our evolving needs. The project’s high sustainability standards, modern infrastructure, and strong sense of community make it a natural fit for us,” said Andrei Romanescu General Manager SCOR Bucharest.
The rental transaction was facilitated by CBRE Romania.
