StreamWIDE leased a 730 sqm space in the third building of the project in a deal brokered by real estate consultancy firm Cushman & Wakefield Echinox.
After completing this building, the Timpuri Noi Square project reaches a leasable area of over 50,000 sqm, with an overall occupancy rate of over 90%. More than half the space is leased by companies from the IT industry.
“StreamWIDE chose to relocate to Timpuri Noi Square because the management understood that the space itself is a way of attracting and retaining IT talent. The employees’ comfort will be enhanced by the advantages offered by the technical features specific to a class A building, the attractive retail offer, consisting of Downtown Biutiful and Carnivale Food Market restaurants, but also through its position near the city center. This transaction reconfirms Timpuri Noi Square’s position as the new major IT hub in Bucharest,” said Eduard Turcoman, Office Agency Director at Cushman & Wakefield Echinox.
StreamWIDE was founded in 2001 by a team of French engineers and has been active on the local market for almost 15 years. The office in Bucharest deals with R&D operations and support.
“We build complex software solutions, used by major telecom operators and Public Safety entities around the world, with millions of end-users. We are involved in platform optimization and, as we develop our business, the facilities that we offer and the IT teams also develop in the most advantageous location,” said Roxana Vesca, HR manager at StreamWIDE.
Timpuri Noi Square is one of the largest mixed-use projects in Romania and will reach a total leasable area of over 100,000 sq.m of class A modern offices and commercial spaces and a residential component of approximately 50,000 sqm. The first three office buildings have already been delivered and have an occupancy rate of 90%.