The former industrial platform The solvent in Timisoara will be transformed into a residential area, with retail spaces, offices, services and integrated public facilities, following a partnership between Reuben Brothers, real estate investment group owned by the British billionaires David and Simon Reuben, and Nhood, company of integrated services and solutions. Established in 1869, the Timisoara Solvent factory was a spirit and solvent company, which during the communist period had over 3000 employees. The combined was one of the main industrial pillars of Timisoara and one of the main engines of the economy in the region, becoming over time a symbol of tradition and innovation capacity. The factory has ceased its activity in 1998. «The Solvent platform has the potential to become an urban regeneration landmark not only for Timisoara, but for the entire region. The proven expertise of Nuhood Romania offers us that this partnership will lead to the creation of a complex and sustainable urban ecosystem. Together we will build a vibrant space, where the local community can be built. At the disposal of residential areas, workspaces and meeting places, but which also retains the local tradition. declared Carmen-Adriana Otelea (Korşinszki), Chief Executive Officer, Reuben Brothers (RB).
RB Romania is part of a group of companies owned by Reuben Brothers Group, which has an extended portfolio of luxury real estate in the UK, the US and the rest of the world. In Romania, Reuben Brothers holds, among others, over 100 hectares of land planning mainly in Bucharest and Timisoara, but also operates commercial and services in Bucharest, as well as various historical properties in the center of Bucharest. In 2024, Reuben brothers ranked 3rd in the top of the richest people in the UK, with a fortune of 25 billion pounds, according to The Sunday Times.
For other news, analyzes, articles and information from real -time business follows the financial newspaper on WhatsApp Channels