Latest News  

Exclusive OT: Vastint invests big into Bucharest's real estate

Inter Ikea's real estate asset division invested since 2008 in the development of almost 200,000 sqm of offices, retail and residential spaces in Bucharest, now in various development stages. And this year it bought another 48 hectares of land in Bucharest's north-eastern area to add to its projects, says Antoniu Panait, managing director, Vastint Romania.

2016-04-22 13:27:11 - by Bogdan Tudorache

Vastint Holding B.V. is the holding company within the Inter IKEA Property Division. It has been part of the Inter IKEA Group of companies since 1989.

What are Vastint's local investments and future plans for Romania?

Vastint Romania is part of the Vastint Group, an international real estate organisation with over 25 years of experience. The company has been active in the Romanian market since 2008, with the aim to develop sustainable projects - class A office, residential and retail space - that are well integrated in the city.

Vastint already has two major developments in Bucharest: Timpuri Noi Square, located in Bucharest's third district, with up to 100,000 sqm of class A office and retail as well as 50,000 sqm residential space planned, and Business Garden Bucharest, located in the sixth district, that will bring up to 41,000 sqm of class A office and retail space to the market.

At the beginning of 2016, Vastint Romania has also acquired a 48 hectares site in the Sisesti area, in close proximity to the Straulesti terminal, with a subway station and park-and-ride facilities.


What are the trends on new deliveries in the office market?

As the work place transforms into a valuable benefit, as well as a negotiation tool in employee attraction and retention, companies' requirements in terms of office space are growing more sophisticated. Thus, we are responding by delivering almost exclusively modern, class A office developments.

The demand for new office is on a constantly increasing slope, with a significant share coming from the IT&C industry that is proving to be one of the most active when it comes to leasing activity.


How did the office itself evolve during the past years? What innovations did the managers brought in to the offices they lead?

In increasingly demanding working times, the role of the office environment in people's lives and the effect it plays on their well-being grew to a point where it became a main deciding factor. Clearly, managers learned to adapt quickly and are starting to consider the office component from all its aspects, including or even prioritizing office environments that offer more than office space. Subway accessibility used to be a key factor and while it continues to weigh in the decision process, it is no longer enough to tilt the scale, since certain areas are becoming saturated with office buildings and growing overcrowded.

At Vastint, we believe that a short subway ride or a relaxing bike ride to work, more natural indoor and outdoor settings, lunch options variety, coffee break temptations and small errands surrounding facilities as well as after work attractions, all these will outweigh anything else in terms of employee satisfaction, motivation and ultimately productivity.

How does the office of the future look like?

Environment is key, so in addition to efficient floor layouts and high standard finishes, Vastint work spaces will for instance have, among other, energy-saving electrical equipment with LED lighting and water use reduction technology. The employees will benefit from an improved indoor environment quality, starting with a healthy air conditioning and ventilation system bringing in 100% fresh air in generous, three-meter-high spaces. Increased visual comfort comes with openable windows, excellent natural light provision and views of the outdoor surroundings.

Both Timpuri Noi Square and Business Garden Bucharest are in central locations and allow easy access by subway and by car, as well as other means of public transport, while the internal garden, respective plaza, provide areas for socialising and recreation. The surrounding areas are also rich in educational centres, hospitals, shopping centres & market, major banks and further administrative hubs.

What are the latest trends in employee motivation and how do you anticipate demand in this area?

Companies are facing a challenge in recruiting and keeping their talent, confronted with an ever changing environment, driven by technology and media advancements that lead to real life disruption. As a result, businesses are starting to pay more attention to their employees' motivation, needs or problems and even anticipate them, working towards solving the latter while at the same time improving company retention levels and productivity. A solution that addresses more than one concern at a time is the work place with everything it entails – flexibility, location, facilities mix, indoor and outdoor environment, surroundings – so more and more companies understand that a workplace transformation is becoming crucial. The modern working environment needs to be flexible, providing tenants with the ability to align workplace and corporate strategy alike.

As a developer, we anticipate and understand these changes, always trying to think one step ahead, to best accommodate our future tenants by providing an employee friendly, energy efficient environment in all our office projects and buildings.


0 COMMENTS ^ Go back to Top
WRITE A COMMENT ^ Go back to Top
 
Your email address will not be published.
Nickname
Email
Comment
Validation Code
   
 
 
NEWS
US company Visteon looks for software developers at Timisoara

Visteon, automotive supplier focused exclusively on cockpit electronics, it is setting up a new product development center in Timisoara, Romania. The company plans to build a team of 400 employees in Romania,

 Read Full article »
Gabriela Mechea takes over the helm of ANIS

The Software and Services Industry Employers Association ANIS appointed Gabriela Mechea as the organizations' executive director, replacing Valerica Dragomir who left the association after 17 years.

 Read Full article »
Poll: 2018 was hard for recruiting – 29 Interviews to one hire

Nearly nine out of ten companies had a tougher time finding suitable employees in 2018 compared with previous years, interviewing an average 29 candidates before hiring one person, a poll by HappyRecruiter show

 Read Full article »
CBRE maintains its market leader ranking with 24 per cent market share on the Bucharest-based office segment

In 2018, CBRE, the real estate consultant managed 24 per cent of the Bucharest-based office market, according to a release of the company.

 Read Full article »
Philippe Beucher takes a new opportunity outside Capgemini

After 5 years spent in Capgemini, Philippe Beucher, the Romanian company's branch CEO announced he decided to take another opportunity outside of the Group as of January 15th.

 Read Full article »
Amazon expands at Iasi with 5000 sqm of offices

At the end of 2020, the American company Amazon will rent an additional 5.000 sqm office spaces at Iasi, to amount over 18.000 sqm office space in Romania, according to sources in the real estate market and quo

 Read Full article »
Accelerator programme Legal Tech Hub Vienna to offer support for legal tech companies

The law firms Dorda, Eisenberger & Herzog, Herbst Kinsky, PHH, Schoenherr, SCWP Schindhelm and Wolf Theiss, today launched the Legal Tech Hub Vienna (LTH Vienna). The unique initiative, that brings together sev

 Read Full article »
Fusion and purchase market in Romania close to 2 billion euro in 2018

The fusion and purchase market in Romania came close to two billion Euro in 2018, according to an analysis made by Deloitte Romania, based on public sources and transactions made public.

 Read Full article »
DXC Technology to Acquire Leading Digital Innovator Luxoft

End-to-end IT services and solutions developer DXC Technology and Luxoft Holding announced a definitive agreement for DXC to acquire Luxoft, a global-scale digital innovator with differentiated offerings, deep

 Read Full article »
KPMG study: Big data needs a big re-think: consumers are more anxious, but businesses can restore trust with greater transparency

Global KPMG study of 25,000 consumers reveals that we are embracing new technology, but are concerned about the types of data held by businesses.

 Read Full article »
 
 
MOST READ ARTICLES
» The most appreciated companies from th...
» TELUS International Europe awarded Mos...
» Deloitte's Tech Trends 2019 report: B...
» Endava expands its IT team in Republic...
» Academic efforts to grow the employee ...
» Deloitte: Leadership disrupted: Pushin...
» Centric to double Iasi opps, leases 1,...
» Deloitte: Anxious millennials seek sta...
» Genpact named leader in global banking...
» TELUS International Europe: Enhancing ...
 
EDITOR CHOICE
Deloitte's Tech Trends 2019 report: Beyond the digital frontier

The recently released Deloitte's Tech Trends 2019: Beyond the digital frontier, as each Tech Trends report in the series conducted by the consultancy company, lobbies for embracing the increasing, often mind-b

 Read Full article »
KPMG study: Big data needs a big re-think: consumers are more anxious, but businesses can restore trust with greater transparency

Global KPMG study of 25,000 consumers reveals that we are embracing new technology, but are concerned about the types of data held by businesses.

 Read Full article »
Manpower: Romania's labor market, more prudent in the first quarter of 2019

More than two thirds (70 per cent) of employers in Romania anticipate no changes in the size of their payrolls in the first quarter (Q1) of 2019, the largest percentage in over two years, and this suggests the

 Read Full article »
Noni Jain, Wipro Europe: It is fundamental how you coach the employees and prepare them for the next level of an evolving organization

How do you attract and retain a globally-mobile workforce? What technologies do you need in your arsenal to get the most from the tech-savvy "Generation Y"? To drive innovation and attract and retain top talent

 Read Full article »
Ascentis: The top ten HR trends for 2019

Ascentis, specializing in in integrated Human Capital Management software published the main HR trends for 2019, findings resulted from the work together with their workforce and leadership strategist Eric Swen

 Read Full article »
Latest News  
 
about us | newsletter | contact | members area | GDPR policy
Copyright © 2015 by Diplomat Media Events Design by Diplomat Media Events