Wallberg finalises first apartment tower in Timişoara

15
Mar
2021
News - Wallberg finalises first apartment tower in Timişoara #investment #residential #Romania #Wallberg

by Property Forum | Residential

Wallberg completed the first tower of the XCity Towers project developed in the northern part of Timişoara and the apartments were sold in full, the company announced. 

Wallberg completed the first tower of the XCity. The first tower has a height of 15 floors and is currently the tallest residential building in use in the western region of the country. By the end of March, all the apartments of the future residents will be handed over. The first tower also has a 600 sqm office space.

In Tower Two, a building with a height of 16 floors, will feature 148 new apartments. The second phase will also have an office area of ​​700 sqm. Wallberg plans to complete the second tower of the project next year.

The company has built projects with an area of ​​over 170,000 square meters built and investments exceeding €100 million.


investment residential Romania Wallberg


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New leases

  • Froo Romania, a subsidiary of the Żabka Group, has relocated its HQ to the Bucharest-based Hermes Business Campus. The retailer secured around 2,900 sqm of office space in a transaction facilitated by Colliers.
  • Court One has signed a lease for approximately 6,300 sqm of space at MLP Business Park Vienna. The tenant, a subsidiary of the Padeldome group, is currently Austria’s largest operator in the sector, managing 42 courts across four locations in the capital.
  • Polish fashion and lifestyle brand Medicine has accelerated its domestic expansion, headlined by the opening of its largest store to date, a 985 sqm flagship at the Silesia City Center in Katowice. This strategic scale-up is mirrored by simultaneous growth in several regional markets, including a new 740 sqm unit at Magnolia Park in Wroclaw and a 600 sqm extension at Galeria Warmińska in Olsztyn. The retailer further bolstered its Silesian presence with a 500 sqm location at Pogoria Shopping Centre and a new opening at CH Platan, significantly increasing its total floor space across Poland.

New appointments

  • Avison Young has promoted Bartłomiej Krzyżak and Marcin Purgal to the roles of Co-Heads of the Investment Department in Poland. Krzyżak, previously Senior Director, brings 18 years of commercial real estate experience, having joined Avison Young in 2017. Purgal, also a former Senior Director and a member of the Royal Institution of Chartered Surveyors (MRICS), transitions into the co-head role with 23 years of experience in the CEE commercial markets.
  • Avison Young has strengthened its Polish leadership with three senior promotions. Patryk Błach ascends to Associate Director within the Investment Advisory Department. Kamil Głowienka has been named Senior Project Manager. Furthermore, Katarzyna Uzar becomes a Valuation and Innovation Specialist, tasked with integrating technological solutions and coordinating global departmental projects.
  • Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.


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