The construction works for the second phase have begun last year and they are progressing according to the schedule, so that the planned time frame of delivery, Q4 2026, will be respected. Phase two of the project is composed by two A class buildings, with 8 and 15 floors, which benefit from additional 690 underground parking spaces and a wide range of retail spaces. Also, phase two will host the largest food hall in an office building in Romania, with an area of nearly 6,000 m².
"After the success of the first phase, we are excited to announce today the official launching of the second phase of Timpuri Noi Square, an urban regeneration project of significant importance, for which we aim to achieve the highest level of green certification, more than 100 points LEED Platinum, continuing Vastint Romania's tradition of promoting sustainability across our portfolio. Despite multiple challenges, we managed to maintain a fast rythm of the construction works, with over 1,000 persons engaged in the project until the delivery, which reflects Vastint Romania's commitment to generating substantial employment opportunities. Romania is a very important market for Vastint and we are proud of the steady track record and performances we achieved here, which make us very confident in the success of our future investments. We already have discussions with tenants interested in having an office in the new buildings”, stated Antoniu Panait, Managing Director of Vastint Romania.
The second phase of the Timpuri Noi Square project is an absolute premiere, being the only office project of this scale 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, the utilization of gases was entirely removed.
The structural works of the second phase of the Timpuri Noi Square project are managed out 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, is ensured by the experts at Bureau Veritas.
Another premiere that phase two of Timpuri Noi Square brings is New Tales, a contemporary food hall concept and a first for the local market. Spanning nearly 6,000 m² across two levels, the space will feature a generous common area alongside a curated mix of commercial units. On the ground floor, visitors will find specialty coffee shops, a cocktail bar with an integrated stage for live concerts and events, a bakery, dedicated cold and hot food stations, and a Deli Market. The first floor will host à la carte restaurants such as tapas-style eateries, a Garden Bar with a spacious terrace, and a selection of other international dining cuisines – all designed to offer a vibrant and diverse culinary experience.
„At New Tales, we are committed to creating a destination that goes far beyond food. This is a space where people come together—to eat, socialize, experience culture, and feel part of a vibrant urban community. New Tales is a carefully curated food hall that celebrates local flavors, creativity, and connection. It is more than just a culinary destination, it is designed to become a dynamic hub for our tenants, neighbors, and the wider city. A place where stories are shared, creativity thrives, and the energy of the neighborhood comes to life”, declared Sorin Macoveiu, Commercial Manager Vastint Romania.
The retail area in phase two has been thoughtfully designed to complement and expand the existing mix of services and amenities already available in phase one of the Timpuri Noi Square project.
With a focus on convenience and lifestyle, the new offering will enhance the project's overall functionality by building on an already established ecosystem that includes a fitness center, a beauty clinic, a bank, a pastry, a convenience store, a restaurant and a food market.
Furthermore, by the end of this year, phase one will expand with the launch of a fully equipped, conference center with a surface of 400 m² inside and an exclusive terrace of 300 m², adding even more versatility to the range of services available on site.
Technical details Timpuri Noi Square 2
General Information:
-Building TN04 consists of 2 Basement levels + Ground Floor + Mezzanine + 15 Upper Floors + Technical Floor and also includes the Food Hall area, which spans the Ground Floor, Mezzanine, and Technical Floor. The building has an estimated total leasable area of 27,400 sqm, with approximately 1,900 sqm per standard floor.
-Building TN05 is composed of 2 Basement levels + Ground Floor + 8 Upper Floors + Technical Floor. It offers an estimated total leasable area of 28,400 sqm, with an estimated floor plate of 3,200 sqm per level.
Current Construction Status:
-The structural works are 75% complete.
-So far, only the reinforced concrete structure has been finalized. The next phase includes the mobilization of contractors for MEP systems and façade works.
Design & Engineering Team:
Lead Architect: Studio 10 M
Structural Engineering: Allied Engineers Group
MEP Systems: MC General Construct Engineering
Façade Design: AluplanDesign
Additional Details:
-Construction works began in May 2024.
-200 geothermal drillings have been executed to date, and work is currently ongoing on the horizontal distribution systems in the basement levels.
Vastint Romania is a Real Estate company operating in the Romanian market since 2008, part of the VASTINT Group, an international company with over 35 years of experience in real estate. The company owns Timpuri Noi Square and Business Garden Bucharest, premium office projects in Bucharest, each with 3 buildings, with a total leasable area of 95,257 m². The company’s goal is to create long-term value through property investments.
