Modatim brings European financing for fourth building in City Business Center in Timisoara

Newsroom 14/10/2010 | 13:53

Modatim Business Facility, a subsidiary of Modatim Investment, has launched the project of the fourth office building in the City Business Center complex CBDC in Timisoara. The project has European financing worth RON 29.3 million (approximately EUR 6.9 million) through the Regional Operational Program administered by ADR Vest. The financing covers 60 percent of the construction works costs.


The CBDC project entails the development in the center of Timisoara of all-inclusive office space and a conference center. The D building is the fourth in the complex and will offer 7,000 sqm of office space and 1,000 sqm of service space at the ground floor. It will include a multimedia conference center and will have 100 parking places. According to the financing contract, the project will be developed in maximum 24 months.

The Timisoara City Business Center will offer a total of 34,000 sqm of rentable space. The total value of the investment in the project stands at EUR 50 million. The main tenants of CNC are Alcatel, Wipro, Microsoft/Ciao, PwC, Unicredit

Bank, Deloitte, Autolive.


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