Wallberg concludes a financing agreement with Banca Transilvania

The developer Wallberg Properties, controlled by businessman Valentin Morar, has obtained the construction permit and financing for the fourth residential building in the XCity Towers complex, the first residential tower district developed in the northern area of Timișoara, which will total over 1,000 apartments. The developer has also prepared the organization of the construction site and has started construction works. In parallel, the construction of the third tower in XCity Towers is being completed, which will be delivered this year.

The financing worth EUR 5.9 million is provided by Banca Transilvania, the developer's new strategic financial partner. The market value of the project is estimated at 10.5 million euros. The building, symbolically named Four, will have a height of 11 floors and will include 77 individual units.
The number of apartments that Wallberg is preparing in Timisoara, in phase 1 of the project, will thus exceed 500 units, along with over 598 parking spaces and over 3,000 sqm for commercial spaces, as well as a park of over 6,000 sqm at the disposal of over 1,000 residents.

Source: Proift.ro