MEDCITY begins the construction of new medical hub in Timisoara

MEDCITY, developer working exclusively in the healthcare sector, announces the beginning of construction for the first medical hub in Timisoara. The company aims to transform a commercial property into a flagship healthcare ecosystem that will facilitate access to high quality medical services offered by renowned operators.

The building will offer approximately 1,100 square meters of leasable space across four floors, and will be dedicated exclusively to medical services and related activities. The investment in this project amounts to 7 million euro, covering the property’s conversion and the integration of state-of-the-art equipment. At the moment, 40% of the MEDCITY Timisoara project is already leased, with the building scheduled to be inaugurated in spring 2025.

“MEDCITY Timisoara will be more than just a medical facility; it will operate as a collaborative space where leading healthcare providers come together under one roof to deliver high-quality care to the local community. We are looking forward to inaugurate this center of medical excellence, which we are confident will become a benchmark for the entire community,” said Alexandros Diamantis, Managing Director, MEDCITY.

In Romania, MEDCITY holds a portfolio of 11 buildings across multiple cities, constituting the largest network of properties specifically designed for healthcare services. These properties represent investments exceeding 30 million euros, offer a total leasable area of over 20,000 square meters, and achieve an occupancy rate of 95% across the entire portfolio. MEDCITY plans to develop new projects in Bucharest, Cluj, and other key locations across the country.