Wallberg secures funding for resi project in Timișoara

Business Forum

18 November, 2024 at 10:54 AM

Wallberg has obtained the construction permit and financing for the fourth residential building in the XCity Towers complex in Timișoara.

The financing, amounting to €5.9 million, is provided by Banca Transilvania, while the market value of the project is estimated at €10.5 million.

"The fourth building features a different mix, with a higher proportion of larger apartments and superior quality finishes," said Valentin Morar, CEO of Wallberg Properties.

The number of apartments that Wallberg is preparing in Timișoara, in phase 1 of the project, will thus exceed 500 units, along with over 598 parking spaces and more than 3,000 sqm allocated to commercial spaces. The complex will also feature a park of over 6,000 sqm available to more than 1,000 residents.

Wallberg has operations in Arad, Cluj, Brașov, and Timișoara.

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