For 2019, the company plans to launch its first project in capital city of Bucharest.
“2018 was very good for us (…) On a group level, revenues exceeded EUR18 million. 2019 is expected to be as least dynamic as last year considering our intention to launch our first real estate project in the capital city”, said Valentin Morar, CEO and founder of Wallberg.
Wallberg Properties expects the first phase of XCity Towers to be 90% built at the end of 2019.
In 2019, Wallberg Properties plans to start works on Tower Two within XCity Towers residential compound in Timisoara (western Romania), namely, on the third and fourth blocks within the Sunnyville Brasov project. Also, the developer is actively seeking investment opportunities in a first residential compound it plans to build in Bucharest.
Wallberg Group’s portfolio included projects in Arad, among which Arad Plaza and Bourgeoise Residence, which were recently completed, a villa project in Cluj-Napoca, an entirely finalized project in Brasov and two other major projects under various stages of development – Sunnyville in Brasov and XCity Towers in Timisoara.
To date, Wallberg has built over 150,000 sqm and delivered more than 1,000 apartments.