On August 30, 2019, Iulius and Atterbury Europe will open the first phase of the Iulius Town Timişoara project (formerly known as Openville), the largest real estate investment in the region, adding up to more than € 220 million.
Designed as a project with retail, entertainment and office uses that complete the current Iulius Mall, Iulius Town will be the primary business, shopping and entertainment destination in the west of Romania. Concurrently, Iulius Town will be the city within downtown Timişoara, an urban regeneration project designed to unite the community and bring together Timişoara locals, as well as people from the region and from neighboring areas, whether they work in the offices here or come here for shopping, sport or relaxation.
The first phase of development will include: 120,000 sq m of retail premises, new brands, a new concept of cinema, the largest health and fitness center in Romania, a variety of restaurants and cafés, a park, an events center, 100,000 sq m of class A office premises, a traffic underpass and 4,070 parking spaces.
Iulius Town will include beautiful and novel store concepts owned by notorious international brands, chic restaurants, as well as a multitude of services. With a total of 450 stores and 120,000 sq m, Iulius Town Timişoara will include the largest retail area outside of Bucharest.
New international brands, numerous themed restaurants and café, with terraces and panoramic view overlooking the park, 12 movie auditoriums and the concept of VIP cinema with dinner and movie in an all-inclusive system, as well as the largest fitness center in Romania including a semi-Olympic swimming pool and playground areas – all these make Iulius Town the ideal leisure venue in downtown Timișoara.
Iulius Town brings about another premiere, as it will operate an ultramodern conference center, comprising three elegant halls with a spectacular architectural design created by Italian designers. The halls will accommodate both business and private events, having a capacity of up to 1,000 participants.
A park as the main anchor of the mixed-use project
Iulius Town is perfectly in line with the locals’ expectations, such as their expectation of having a green city. The park in Iulius Town will be built in a novel manner, atop a new underground parking lot, and is set to become an oasis of peace and relaxation. The park will delight visitors with more than 1,400 trees and 20,000 shrubs imported from nurseries in Italy and that will reflect into the lake fitted in the center of the park. A double-decker carousel, playground areas for children, a skating rink and event squares will also make this a unique venue in the region, its specific beauty changing with every season.
The first phase will also include 100,000 sq m of office premises accommodating approximately 13,000 employees. Comprised of class A office buildings, United Business Center has already become a regional business hub that generates new investments and jobs. The first three office buildings are currently fully operational, their tenants including multinational companies in the IT and automotive industry. The fourth office building will also be the tallest building in Romania. Standing at a height of 155 m and comprising 27 floors, United Business Center will be completed next year and will include 52,000 sq m of leasable office premises, a medical hub spanning on an area of 3,000 sq m and a corporate conference center with seven halls.
Iulius Town Timişoara also entails investments in infrastructure upgrades. The project implements a smart solution for streamlining road traffic, namely a traffic underpass that cuts across the complex and increases road accessibility in the area; this investment will be donated to the municipality. Concurrently, the people working in Iulius Town and visitors coming here for leisure purposes have access to more than 4,070 modern parking spaces, as well as to bike parking facilities.