MEDCITY buys building in Timisoara for healthcare project

MEDCITY has recently purchased a prime building of over 1,000 sqm in the center of Timisoara from fashion group Folli Follie (FF) Group. The transaction was brokered by Colliers. This acquisition marks the expansion of MEDCITY’s portfolio under The Medical Mall concept.

Currently, MEDCITY owns and manages a portfolio of 10 buildings in Romania, with a total leasable area of over 17,000 sqm, with over 97% leased by companies such as Regina Maria and Synevo. MEDCITY’s investments in medical malls in Romania exceed €27 million. The company plans to expand or develop new projects in cities such as Cluj, Brasov, Constanta, Oradea, and Sibiu over the next two years.

“MEDCITY intends to change the use of the building into a medical services space, attracting some of the biggest names in the Romanian medical services market,” said Silviu Carlan, Senior Associate at Colliers Romania.

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