about us | newsletter | contact | archive | members area
Gheorghe Ciubotaru, Electroalfa
We are witnessing a continuous process of adaptation to the mechanisms in the market»
  News:      POLITICS   |   ECONOMICS   |   ENERGY   |   INVESTMENTS   |   APPOINTMENTS   |   GREEN   |   INFRASTRUCTURE   |   REAL ESTATE   |   AGRIBUSINESS   |   DRIVING   |   CITY LIFE   |   EVENTS   |

Iulius to begin the construction works for the fourth office building in Openville Timisoara

The Iulius Company commences the construction works for the fourth office building of the total six to be included in the Openville Timisoara mixed-use development.

2018-04-30 09:26:32

Spanning on a 155 m height and 27 floors, United Business Center 0 (UBC 0) will be the tallest office building in Romania. The Openville project is currently under construction in the proximity of Iulius Mall Timisoara and, owing to the 130,000 sqm of office premises it will create, it will become the main business hub in the west of Romania.

The construction works for UBC 0 started with the site organization process, and the first construction phase will comprise the land consolidation using more than 280 bored piles. The estimated term for market delivery for UBC 0 is the fourth quarter of 2019 (Q4/2019).

UBC 0 will comprise a built area upwards of 74,900 sqm; just like the other buildings in the mixed-use project, it will combine modern office spaces with retail premises. Thus, the semi-basement and ground floor will be designed for stores and themed restaurants, and the first floor will comprise conference and event halls. The office premises will have a total leasable area of 52,000 sqm. Generous premises adding up to 2,200 sqm on each floor, column-free spaces, enhanced levels of natural lighting, state of the art amenities and technologies, and energy effective solutions are just a few of the features of the new office building.

Concurrently, on the work site of the project, constructions works are underway for the third office building (19,000 sqm leasable area), as well as for additional retail premises adding up to approximately 47,000 sqm. Two office buildings with a 31,000 sqm total leasable area, as well as the first multilevel parking facility in Timi┼čoara with 910 parking spaces were completed to this date in the Openville project.

The largest business, retail and entertainment hub in the west of Romania will open in the fourth quarter of this year, upon completion of the first phase of development. This will include: the new retail premises, 50,000 sqm of class A office premises in operation and another 52,000 sqm pending construction, a park, a traffic underpass and new parking spaces.

Construction works are also due to commence over the upcoming period for a new underground parking lot and a traffic underpass that will streamline the traffic in the entire area.

The Openville mixed-use project is developed by the Iulius and Atterbury Europe companies, adding up to an estimated investment upwards of 220 million Euro.



COMMENTS
There are 0 comments:

 
ADD A COMMENT
 
Name
Email
Comment
Validation Code
   
 
 

0 Comments  |  1553 Views
Daily Info
Crosspoint assisted land transaction for 8,000 sqm residential project in Bucharest

The real estate consultancy company Crosspoint Real Estate has assisted the sale of a land plot by a private investor to an entrepreneurial group with full Romanian ownership....

Fondul Proprietatea concerned about draft proposing exemption of state-owned companies from corporate governance

Fondul Proprietatea expresses significant concerns about a new legal draft, currently discussed in the Commitees of the Chamber of Deputies, which proposes the exemption of 10...

President Iohannis to attend UN General Assembly in New York

Romanian president Klaus Iohannis will be in New York until Friday to attend the 73rd General Assembly of the United Nations.

Coldwer Banker Romania appoints Georgia Cailean as new CEO

Coldwell Banker Romania has appointed Georgia Cailean as new CEO. Georgia Cailean is a member of the Royal Institution of Chartered Surveyors, specializing in Corporate Real E...

Transelectrica accelerates investments to increase the energy system safety in Dobrogea

The National Power Grid Company Transelectrica marked the completion of the second stage of the project of rehabilitation of the Station Transformation 400/110/20 kV Tulcea We...

 
 
   
advertising

advertising

advertising

advertising

advertising

More on News
President Iohannis to hold CSAT meeting on September 4 for budget revision

Romanian president Klaus Iohannis has summoned on September 4 the members of the Supreme Council of National Defence (CSAT) to approve the budget revisions for institutions...

1 Comment

New Government reshuffle in Romania to take place in October

A new reshuffle of the Government is supposed to take place in early October, according to the Socialist-Democrat Party (PSD) Liviu Dragnea. He said that, together with the...

Anca Jurma named interim chief prosecutor of Romanian anti-corruption agency

Prosecutor Anca Jurma has been named the interim chief prosecutor of the Romanian anti-corruption agency (DNA) following an order by the General Prosecutor Augustin Lazar. ...

1 Comment

President Iohannis to attend UN General Assembly in New York

Romanian president Klaus Iohannis will be in New York until Friday to attend the 73rd General Assembly of the United Nations.

Ambassador Klemm: Women are directly affected by digital exclusion

Women are directly affected by digital exclusion, US Ambassador to Bucharest Hans Klemm said Monday at the opening of the Digital Romania International Forum.

President Iohannis: Interconnection projects revealed at Three Seas Initiative summit are a top level political signal

The list of priority interconnection projects presented within the Summit of the Three Seas Initiative is "a top level political signal", on Tuesday stated Klaus Iohannis, ...

Black Sea Trade and Development Bank gives 40 million Euro loan to Alpha Bank Romania

The Black Sea Trade and Development Bank (BSTDB) is increasing the availability of financing to small and medium enterprises (SMEs) in Romania with a 40 million Euro SME Fa...