Iulius Town Timisoara is now open: 442 million Euro for the largest investment in the region

Companies IULIUS and Atterbury Europe have opened in Timisoara the Iulius Town mixed-use project, the largest investment in the region, adding up to a total of 442 million Euro. Iulius Town entailed integrating Iulius Mall Timisoara into an extensive urban regeneration project, completing it with retail, office and entertainment uses.

To this date, 327 million Euro of the total value of the project were invested, including Iulius Mall Timisoara, while another 115 million Euro are directed towards developing the tallest office building in Romania, currently under construction.

Iulius Town is the first mixed-use project developed in the west of Romania and the second in the IULIUS company portfolio after Palas Iasi.

Iulius Town is a regional project catering to Timisoara City, to clients in nearby counties and those from the neighbouring countries, Serbia and Hungary.

“In 2005, when we were opening Iulius Mall Timisoara, we knew we were not going to stop here, and our clients have confirmed this expectation. Iulius Mall has rapidly integrated in the life of a target audience that extended across the country borders and compelled the continued development of the project at a much larger scale. Iulius Town is now the city within a city, a mixed-use project that generates added value for the community and for the entire area. Together with our partner, Atterbury Europe company, we have developed a regional business hub that feeds into the economic development, as well as a cosmopolitan shopping and leisure venue that is unique in Romania,” said Iulian Dascălu, President of IULIUS.

Located in downtown Timisoara, Iulius Town is one of the greatest real estate project to open on the Romanian market this year. Iulius Town is a collection of records: the largest retail area outside of Bucharest (120,000 sqm, 450 stores) and the largest offer of class A office premises in the region (more than 100,000 sqm).