Vastint Romania has concluded a new lease agreement with Pandora, world’s largest jewellery brand, who is relocating its office to Business Garden Bucharest.
Pandora is the world’s largest jewellery brand, specialising in the design, crafting and marketing of accessible luxury jewellery made from high-quality materials. Pandora jewellery is sold in more than 100 countries through 6,800 points of sale, including more than 2,700 concept stores.
Headquartered in Copenhagen, Denmark, Pandora employs 37,000 people worldwide and crafts its jewellery using only recycled silver and gold. Pandora is committed to leadership in sustainability and has set out to halve greenhouse gas emissions across its value chain by 2030. Pandora is listed on the Nasdaq Copenhagen stock exchange and generated revenue of DKK 31.7 billion (EUR 4.2 billion) in 2024.
“As Pandora approaches next year its 15‑year anniversary in Romania—one of the key markets in CEE—we decided to establish a new Romanian headquarters that will significantly propel our long‑term growth ambitions. We selected Business Garden Bucharest because of our shared commitment to sustainability, much like Vastint. At Pandora, exceptional jewellery quality, strong business performance, and high ethical standards are deeply interconnected. We meticulously craft our jewellery with respect for resources, the environment, and people. Within the last five years, Pandora has significantly reduced its CO2 emissions while delivering strong organic growth, and the company’s crafting facilities are powered by 100% renewable energy and recycles 99.8% of the waste. The company crafts all its jewellery using 100% recycled silver and gold, and it has introduced Pandora Lab-Grown Diamonds, which have a carbon footprint that is 95% lower than mined diamonds”, said Florina Madalina Floricel, Country Manager Pandora Romania & Hungary.
Business Garden Bucharest, located in the Orhideea-Grozavesti area of Bucharest, has a rentable area of 43,000 sqm and tenants such as Sparkware Technologies, Sanamed, Regina Maria, Ikea, Schindler, Tchibo, Vel Pitar, Rail Cargo, Saint Roastery.
The rental transaction was facilitated by CBRE Romania.
“We’re delighted to have partnered with Pandora on crafting their real estate vision. Business Garden Bucharest provides an ultra-modern workspace, enhanced by lush greenery and state-of-the-art facilities, perfectly aligned with Pandora’s values and ambitious goals. Our collaboration with Pandora and Vastint is grounded in honesty, transparency and a shared commitment to sustainability. It’s truly a privilege to work with an iconic brand that promotes accessible and more sustainable luxury”, declared Anca Păuna, Senior Consultant CBRE Romania.
“We’re excited to share that Pandora, world’s largest jewellery brand, has become the newest member of the Business Garden Bucharest community. Their arrival enriches the vibrant mix of international names in this dynamic office complex and highlights the strong appeal of our workspace. We’re also in advanced talks with several other high-profile companies, responding to growing tenant demand. The first half of the year has been incredibly active for us”, declared Dorin Caplea, Leasing Manager Vastint Romania.
Vastint’s office portfolio will expand with the upcoming Timpuri Noi Square 2 project, set for completion in Q4 2026. This development is the biggest from the few office projects under construction in Bucharest. The additional area of the Timpuri Noi Square 2 will total an estimated GLA of more than 60,000 m² and will include two new office buildings, resulting in a doubling of the available office and commercial spaces within the Timpuri Noi Square complex, up to 112,000 m² of GLA.