Tender builds 200m tall business tower

Tender Group will develop a 90 million euro project in Timisoara, set to include a 200m tall business tower, 1,100 flats and a five-star hotel, Dan Manolache, co-ordinator of the group’s real estate division said. “The project includes the construction of a financial centre, to be the first and tallest tower in Romania (200m and 50 stories). It is scheduled to begin in October, financed by Tender Group’s funds at first, and be completed in five years,” the representative of the group said, adding strategic partnerships would be concluded with any bank interested in order to finance the project. Manolache specified the investment in this project would be recovered in the five year time frame scheduled for carrying it out. The project will be developed on an 80,000 sqm plot of land, property of the Tender Group, near the city on the Bega River. The multifamily homes will be 90 to 130 sqm wide, with the price set in line with those on the real estate market, i.e. somewhere in the neighbourhood of 600-700 euros/sqm. The price includes the price of the land, utilities, heating system for every flat and other facilities. Every block of flats will come with two underground levels set to provide parking spots. The hotel will accommodate 300 people, with the project also including a shopping complex and a leisure centre. ZF