Iulius Group to start new developments in Timişoara – EuropaProperty

This spring the Iulius Company will start the construction works for three new Class A office buildings within the Openville Timişoara mixed-use project, located in the vicinity of Iulius Mall. 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.

Per total, the Openville Timișoara 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. The three buildings, including the tallest building in Romania (155 m), shall be erected according to the LEED requirements.

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 cafés, multiplex cinema, a fresh market area, the largest playground for children and other leisure opportunities. In addition to this, the citizens of Timișoara 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.