Schindler Romania signs deal with Vastint for 1,160 sqm office in Business Garden Bucharest

Vastint Romania has concluded a new lease agreement of 1,160 sqm with Schindler Romania, Swiss manufacturer of elevators and escalators, who is relocating its headquarters to Business Garden Bucharest.

“We are thrilled to be moving into our new headquarters at Business Garden Bucharest. The fresh, contemporary setting is designed to energize our team and foster stronger collaboration with our partners. We see this move not just as a change of address, but as a launchpad for future initiatives and continued expansion of our team and our business in Romania. Also, sustainability plays a significant role in our business strategy, that’s why choosing Business Garden Bucharest was a natural fit – the buildings align perfectly with our commitment to eco-conscious operations. The location offers a forward-thinking workspace that’s recognized for its energy efficiency and low environmental footprint”, declared Alexandru Miu, Managing Director Schindler Romania.

The rental transaction was facilitated by CBRE Romania.

“We’re pleased to welcome Schindler Romania to Business Garden Bucharest—a company with a remarkable legacy and one of our most trusted partners in vertical transportation systems across our projects. As more international companies transition to premium office spaces, Schindler’s move underscores a strong alignment with our values of sustainability, efficiency, and employee well-being. Despite 2025 marking the lowest new office supply in Bucharest in two decades, and with many companies encouraging a return to the office, high-quality spaces are still available. We encourage those considering relocation to explore current options, as vacancy rates are declining and availability at Business Garden Bucharest is expected to be limited by year-end.” declared Sorin Macoveiu, Commercial Director of Vastint Romania.

Vastint’s office portfolio will expand with the upcoming Timpuri Noi Square 2 project, set for completion in Q4 2026. This development, currently one of the few office projects under construction in Bucharest, will add 105,000 sqm of gross built area (GBA) and introduce two new office buildings, effectively doubling the available office and retail space within the Timpuri Noi Square complex.