Iulius invests €9 million in Iași mall upgrade

Business Forum
Iulius and Atterbury Europe are allocating €9 million to revamp Iulius Mall Iași, located in the Tudor Vladimirescu university campus.

The project focuses on optimising technical infrastructure and diversifying the commercial offer with new, affordable brands. The mall draws a daily footfall above 20,000 visitors and aims to remain a destination for youth through dedicated investments, including special events, a basketball court and a creative coworking space set for completion by 2027.

Iulius Mall Iași features 27,000 sqm of leasable area and was the second shopping centre to open in Romania, in 2000. Since then it has undergone two expansions and substantial investments. The current upgrade, to be completed in early 2027, entails interventions in technical systems as well as new stores catering to youth and families. From this summer, the centre will accommodate new stores and expanded formats by existing retailers across 5,800 sqm.

"Considering the retail market in Iași, we offer a differentiating mix based on brand diversity, competitive pricing and attractive options," said Vlad Huţu, Shopping Center Manager Iulius Mall Iași.

The Iulius Company portfolio includes upwards of 310,000 sqm of retail space across two mixed-use projects (Palas Iași and Iulius Town Timișoara), the nationwide network of regional shopping malls as well as convenience retail projects. The developments draw 74 million visits every year.

RECOMMENDED
Offices propel Romanias investment market in Q1 2026
Real estate

Offices propel Romania's investment market in Q1 2026

After a period of adjustments, Romania's property market enters 2026 with increased confidence from Romanian investors. These have become a key factor in supporting market liquidity and stability, showing growing interest in income-generating assets, according to a report by CBRE Romania.

Regional retail centres lead Romanias property investment in 2025
Real estate

Regional retail centres lead Romania's property investment in 2025

Shopping centres outside Bucharest were the most attractive real estate asset class for investors in 2025, accounting for almost 40% of the total transaction volume, according a new report by Cushman & Wakefield Echinox. Bucharest office buildings came second, with a 30% share in the total investment volume.

RECOMMENDED FROM THE HOME PAGE
Energy

OMV Petrom locks in €800 million biofuels supply deal

OMV Petrom concluded a sales contract with OMV Downstream GmbH, a fully owned subsidiary of OMV AG, for part of the Sustainable Aviation Fuel (SAF) and Hydrotreated Vegetable Oil (HVO) to be produced at the Petrobrazi refinery.