about us | newsletter | contact | archive | members area
Nicolae Ghibu, Certsign
Regulations will come gradually and will cover all areas»
  News:      POLITICS   |   ECONOMICS   |   ENERGY   |   INVESTMENTS   |   APPOINTMENTS   |   GREEN   |   INFRASTRUCTURE   |   REAL ESTATE   |   AGRIBUSINESS   |   DRIVING   |   CITY LIFE   |   EVENTS   |

Iulius to begin the construction works for the fourth office building in Openville Timisoara

The Iulius Company commences the construction works for the fourth office building of the total six to be included in the Openville Timisoara mixed-use development.

2018-04-30 09:26:32

Spanning on a 155 m height and 27 floors, United Business Center 0 (UBC 0) will be the tallest office building in Romania. The Openville project is currently under construction in the proximity of Iulius Mall Timisoara and, owing to the 130,000 sqm of office premises it will create, it will become the main business hub in the west of Romania.

The construction works for UBC 0 started with the site organization process, and the first construction phase will comprise the land consolidation using more than 280 bored piles. The estimated term for market delivery for UBC 0 is the fourth quarter of 2019 (Q4/2019).

UBC 0 will comprise a built area upwards of 74,900 sqm; just like the other buildings in the mixed-use project, it will combine modern office spaces with retail premises. Thus, the semi-basement and ground floor will be designed for stores and themed restaurants, and the first floor will comprise conference and event halls. The office premises will have a total leasable area of 52,000 sqm. Generous premises adding up to 2,200 sqm on each floor, column-free spaces, enhanced levels of natural lighting, state of the art amenities and technologies, and energy effective solutions are just a few of the features of the new office building.

Concurrently, on the work site of the project, constructions works are underway for the third office building (19,000 sqm leasable area), as well as for additional retail premises adding up to approximately 47,000 sqm. Two office buildings with a 31,000 sqm total leasable area, as well as the first multilevel parking facility in Timi┼čoara with 910 parking spaces were completed to this date in the Openville project.

The largest business, retail and entertainment hub in the west of Romania will open in the fourth quarter of this year, upon completion of the first phase of development. This will include: the new retail premises, 50,000 sqm of class A office premises in operation and another 52,000 sqm pending construction, a park, a traffic underpass and new parking spaces.

Construction works are also due to commence over the upcoming period for a new underground parking lot and a traffic underpass that will streamline the traffic in the entire area.

The Openville mixed-use project is developed by the Iulius and Atterbury Europe companies, adding up to an estimated investment upwards of 220 million Euro.



COMMENTS
There are 0 comments:

 
ADD A COMMENT
 
Name
Email
Comment
Validation Code
   
 
 

0 Comments  |  2145 Views
Daily Info
Smart city is not a fad, it's a necessity

In June 2018, the ranking of the most "smart" cities in the world was published. In other words, the most advanced cities in terms of human capital, social cohesion, the econo...

Ondrej Safar, CEZ Group: "Romania can become a hub for international smart solutions providers"

"We are already in the digital age, so the upward trend of implementing smart solutions is inevitable in all areas," he tells The Diplomat-Bucharest. "Especially in terms of u...

Telekom Romania, a strong supporter of Smart City development in Romania

Just like many other countries in the world Romania is now facing an unprecedented growth of the urban population, which can be both beneficial and detrimental for the society...

In the industrial era, the fight was for finite material resources. Not anymore

Now organizations fight and develop themselves for and around their talent. In a nutshell, getting ahead in today's business world is all about attracting and inspiring an e...

Richard Sareczky, Mol Limo: "We look at expansion locations across CEE including Romania"

Consumer mobility behaviour is changing, leading to up to one out of ten cars sold in 2030 potentially being a shared vehicle and the subsequent rise of a market for fit-for-p...

 
 
   
advertising

advertising

advertising

More on News
President Iohannis urges Romanians to be more united, stay involved in modernizing Romania

Romania's President Klaus Iohannis urged Romanians in France to be more united and stay involved as much as they are now in helping modernise Romania.

Two billion youth risk of being left behind in the Fourth Industrial Revolution workforce, says Deloitte

Almost two billion youth worldwide risk of being left behind in the Fourth Industrial Revolution (Industry 4.0) workforce, which is changing at an increasingly rapid pace a...

1 Comment

ArcelorMittal receives binding offer for European assets from Liberty

British-owned Liberty announced a conditional agreement to buy four European steel plants, employing more than 12,500 people.

1 Comment

The Romanian labour market needs a well-thought approach, says FIC

The Foreign Investors Council (FIC) has signaled in the past 2-3 years that its members are anticipating increasing strains on the Romanian labour market because starting w...

1 Comment

Revolut gets European banking license

Fintech startup Revolut is now officially a bank. While the startup initially expected to get its European banking license during the first half of 2018, the company has fi...

1 Comment

EBRD cuts economic growth forecast for Romania

Romania's economy will grow by 4.2 per cent this year and by 3.6 per cent in 2019, according to the most recent forecast released by the European Bank for Reconstruction an...

Dacia receives 115.8 million RON in state aid from the Finance Ministry

The Romanian Finance Ministry has signed five more grant agreements under the state aid scheme, and among the beneficiaries are Automobile Dacia, with RON 115.8 million.

1 Comment