Vastint Romania has concluded a new lease agreement with Pandora, world鈥檚 largest jewellery brand, who is relocating its office to Business Garden Bucharest.
Pandora is the world鈥檚 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.
鈥淎s Pandora approaches next year its 15鈥憏ear anniversary in Romania鈥攐ne of the key markets in CEE鈥攚e decided to establish a new Romanian headquarters that will significantly propel our long鈥憈erm 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鈥檚 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鈥, said Florina Madalina Floricel, Country Manager Pandora Romania & Hungary.
Business Garden Bucharest, located in the Orhideea-Grozavesti area of 鈥嬧婤ucharest, has a rentable area of 鈥嬧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.
鈥淲e鈥檙e 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鈥檚 values and ambitious goals. Our collaboration with Pandora and Vastint is grounded in honesty, transparency and a shared commitment to sustainability. It鈥檚 truly a privilege to work with an iconic brand that promotes accessible and more sustainable luxury鈥, declared Anca P膬una, Senior Consultant CBRE Romania.
鈥淲e鈥檙e excited to share that Pandora, world鈥檚 largest jewellery brand, has become the newest member of the Business鈥疓arden 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鈥檙e 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鈥, declared Dorin Caplea, Leasing Manager Vastint Romania.
Vastint鈥檚 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 m虏 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 m虏 of GLA.