Dascalu stated that the first works will be carried out at the office segment, namely the class A office building “United Business Center 2”.
The project developed by Iulius Management Center will have a total built area of 594,000 square meters and will incorporate Iulius Mall Timisoara.
The group will build seven class A office buildings totaling a leasable area of 131,000 sqm. The office compound will also include the tallest building in the country, the developer said.
Openville will include a park of more than 55,000 sqm, the largest in western Romania and a retail area that will host more than 100 stores, restaurants and cafes.
The project also includes a multiplex with 15 cinema halls and a fresh market area, conference and event halls.
Iulius group owns shopping malls under the Iulius brand, in Iasi, Timisoara, Cluj-Napoca and Suceava, and Palas Iasi, a multipurpose urban development. On the office segment, the group built over 58,000 sqm of class A offices countrywide and has 15,000 sqm under construction.