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AURELIA COSTACHE, EY
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Three office buildings to be developed by Iulius in Timisoara

This spring, the Iulius company will start the construction works for three new class A office buildings within the Openville Timisoara mixed-use project, located near Iulius Mall, a press release shows. The three buildings to be developed under the United Business Center (UBC) brand add up to a total area of 73,000 sqm and shall be ready to use within a 12 to 18 months term.

2017-02-17 10:40:13

Openville Timisoara project will include seven office buildings with a gross area adding up to over 130,000 sqm. Of these, 18,000 sqm have already been delivered and fully leased, while another 13,000 sqm shall be completed this June.

"Openville will be an active urban center. The three new office buildings to be delivered within a 12 to 18 months' term, along with UBC 2 (opened this January) and UBC 1 (pending completion this summer), constitute the first phase of development of the Openville project and will shape the main business center in the west of Romania,", said Iulian Dascalu, CEO of Iulius.

Also, this year, Iulius Mall Timişoara will undergo expansion works for an additional 60,000 sqm of retail premises, thus adding up to a gross leasable area of 131,000 sqm. On this segment, Openville will include 430 stores, restaurants and themed cafes, multiplex cinema, a fresh market area, the largest playground for children and other leisure opportunities. In addition to this, the citizens of Timisoara will also be able to enjoy the largest suspended park in Romania spanning on over 55,000 sqm of green spaces, as well as 4,050 underground and multilevel parking spaces.



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