Intel has leased a 2,400-square meter area in the second office space building developed by real estate developer Iulius within Openville Timisoara. The building is located in the vicinity of Iulius Mall Timisoara, covers a leasable area of 13,000 sqm and is due for opening in December.
Intel has been present in Timisoara since 2016, along with the acquisition of the company Movidius. Intel center in Timisoara specializes in software for computer vision and artificial intelligence applications. Some 130 employees will be working in the new office space and staff numbers are expected to grow to 200, in the next three years.
Openville Timisoara, the biggest mixed used project in western Romania, engulfing over EUR200 million, will be inaugurated in the fourth quarter of 2018, along with the completion of the first development stage, which integrates the existing Iulius Mall, plus office, retail, park and entertainment spaces. The first development stage due for inauguration in the fourth quarter of 2018 will include 100,000 square meters of Class A office space, an additional area of 47,000 sqm of retail, compared with the existing shopping mall, a 55,000-sqm park, an underground passageway for auto traffic and over 1,500 new parking lots.
Overall, the project entails investments of over EUR220 million, the biggest private capital infusion in the real estate sector in western Romania.