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Local developer starts EUR 14 mln residential project in Timisoara

  • Source:www.romania-insider.com
  • Date:2018-03-23 20:44

Werk Property Group, a local real estate developer controlled by Romanian entrepreneur Virgil Tornoreanu, will invest EUR 14 million in a new residential project in Timisoara, Western Romania.

The project will include a 10-storey apartment building with 120 apartments. It aims to be the first “vertical village” developed on the local market as it will include a “vertical forest” made of trees and other plants. It will also have a wide atrium for community interaction, a reception, outdoor pool, cinema and a fully equipped fitness club.

The project should be finalized by the end of 2019, according to the developer.

“We aim to develop a project that will redefine urban lifestyle. Vox Vertical Village will combine all the benefits associated with living in a standalone house, in an area with ample green spaces, with the obvious advantages of a modern project, in a building with a high degree of comfort and safety,” said Virgil Tornoreanu, Werk Property Group CEO.

The project is located near the Vox Technology Park, a 26,000-sqm office project also developed by Werk Property group, with a EUR 30 million investment.

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  • Source:www.romania-insider.com
  • Date:2018-03-23 20:44
Key Words:project, The,Property,Werk,include
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