by Property Forum | Office

The Iulius Company commences the construction works for the fourth office building of the total six to be included in the Openville Timişoara mixed-use development. 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 Timişoara and, owing to the 130,000 sqm of office premises it will create, it hopes to 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 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 efficient solutions are just a few of the features of the new office building.
UBC 0 will provide a spectacular panoramic view of the city from any angle owing to the full glass façade it will be fitted with. Concurrently, the people working here will also have direct access to the stores and services in Iulius Mall Timişoara and in the new retail areas, as well as to the relaxation spaces created in the upcoming park of the urban development.
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 multi-level parking facility in Timişoara 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.