The most important lease contracts concluded in 2021 were the expansion of a 1,400-square meter office space occupied by Indian IT giant Tech Mahindra and the spaces leased by construction company Porr Construct, automotive company Vitesco Technologies and telecom operator Vodafone.
Vox Property Group also obtained a EUR10.5 million financing from state-run lender CEC Bank, which will be used for the completion of the Vox Vertical Village luxury residential project, located in close proximity of the office building.
”Over 10,000 new homes were completed in the last two years in Timisoara and its surroundings, but fewer than 2% can be considered premium and luxury units. Vox Vertical Village is the most prominent luxury residential project due to be delivered in 2022 in Timisoara and the financing recently obtained will be used to achieve the company’s objectives. Almost 12,500 homes were sold in Timis in 2021, over 50% more compared to the previous year, and for 2022 we estimate equally good results”, stated Cristian Gheran, Project Owner Vox Vertical Viilage.
The Vox Vertical Village residential complex will comprise 120 new homes in a ten-storey building, due to be delivered by the end of 2022. The project also entails the developing of a ‘vertical forest’ with over 1,000 trees and other plants which will be planted inside the project and on terraces.