Urban regeneration development Iulius Town Timișoara was named “5 Star Winner Best Mixed-use Development Romania” at the recent European Property Awards. A partner of South Africa’s Atterbury Property Group, Atterbury Europe is also in partnership with Iulius Town Timișoara. It’s the highest distinction in this category for Romania and the specialised international jury judged on features such as location and city connectivity, architecture, sustainability and innovation, integrated facilities and services, uses and impact within the community.
Says Atterbury Europe CEO Henk Deist, “The Atterbury Europe team, together with our partners, are thrilled to be the recipients of this highly coveted international accolade. We couldn’t be more proud to be associated with the Iulius group and the highly skilled and professional Iulius Town Timișoara team.” Representing a €450m (±R8,3bn) investment, the Iulius Town Timișoara development is recognised for its integrated mixed-use concept, positive community impact, and innovation. It’s the only mixed-use project in the west of Romania.
Iulius Town Timișoara is seen as a landmark due to its innovative combination of retail, office, park and public infrastructure. It features premium green offices, high-end brands, and entertainment destinations in Romania’s western region. The precinct includes a fully fitted-out park with mature trees, lawn, lake, outdoor squares and promenades. It also introduced connectivity between the project and the city, playing a significant part in urban revitalisation and mobility with a traffic underpass, pedestrian connections and upgrades to arterial roads, which are rarely found in European real estate developments.
The park’s importance for its community was emphasised all the more last year when outdoor socialising became the norm. “Atterbury Europe views development and investment as the keys to unlocking economic and societal growth and improvement. This approach ensures that we can sustainably build on our longstanding partnerships with our fellow investors, professionals and communities wherever we operate,” said Deist.