“Using the experience of the mixed-use project in Iasi, we brought much broader functions to Timisoara, including public services such as car registration, passport issuing, driving school, an educational center with a kindergarten and a school, we are also developing medical centers and a park and entertainment area. It will probably also include a hotel, though not at this stage,” Laurentiu Manea, manager for office buildings of Iulius Town said.
The event was organized by ZF with the support of Estoria City, Arabesque, Iulius Town, Metropolitan, AcoperisBun, AFI Europe, Alesonor, Cordia, Crosspoint, Savills, Cushman&Wakefield Echinox, Forte Partners, Filip&Company, Genesis Property, Impact, Nordis, One United Properties, Popovici, Nitu, Stoica&Asociatii and Signify.
The first phase of the Iulius Town project in Timisoara was inaugurated delivered at the end of August, an investment made in partnership with investment firm Atterbury Europe. The first phase includes 120,000 square meters of retail space, including Iulius Mall, in 450 stores, a fitness center, event rooms, 100,000 square meters of office space and 41,000 square meters of green areas. The final building of the project, UBC 0, set to be tallest in Romania, will be delivered in 2020. Iulius Group has invested EUR442 million in its developments in Timisoara so far, starting with the opening of the Iulius Mall in the early 2000s.
In Bucharest, Estoria City wants to develop a mixed-use project on the Theodor Pallady Boulevard in the east side of Bucharest, which will include 1,200 apartments, 50,000 square meters of office space, 40,000 square meters of retail space, 25,000 square meters of green areas and 3,000 parking spots.
(English version by Loredana Fratila-Cristescu)