Business in brief
We are part of the Vastint Group, an international real estate organisation with over 30 years of experience. We have been active on the Romanian market since 2008. Development activities include land acquisition, master planning, design, construction, leasing and sales.
As of year 2020, Vastint’s activities further expanded with the division Hotel Co 51. This division operates many of the hotel properties within the Vastint portfolio.
In 2010, Vastint Romania aquired the site of the former Timpuri Noi factory, spanning over 53.000 sqm of land situated in the heart of the city.
In 2011, we acquired 20.000 sqm of supplementary land in the Orhideea area, situated near the city center.
In 2016, the 48ha land in the northern area of Bucharest was purchased, in Sisești, in the immediate vicinity of the multimodal station Străulești.
Over the coming years, Vastint Romania plans to build an estimated gross buildable area of 700,000 m² on the already owned properties. The developments will comprise Class A office, residential and retail space, including the Sisești project.
Considering the long-term investor profile with the aim to develop sustainable projects that are well integrated in the city, we continuously evaluate real estate opportunities on the Romanian market.
Vastint works towards positive long term social, economical and environmental solutions and developments. We consider it to be a never ending job to continuously learn more and improve our way of working with sustainability.
It has been a natural part of our operations and everyday life for a long time. Consequently, for many years we have been building to the highest internationally recognised sustainable construction certifications, including LEED, BREEAM and WELL. Vastint strives to achieve LEED Gold alternatively BREEAM Excellent certification, or above, in all new developments and refurbishments.
So far we received around 80 environmental certifications. Also we are proud to own five of the top 10 LEED-certified buildings in Europe and to have built some of the first sustainable buildings in some of the countries we operate in.
Since 2014 we have published an annual Sustainability report focusing on performance of properties, safety of properties, business ethics and certification of properties. Please see this year’s Sustainability report for more information.