In the spotlight

International fashion brands Lefties and Stradivarius to open in north-east Romania: the latest store concepts in Iulius Mall Suceava!

International fashion brands Lefties and Stradivarius to open in north-east Romania: the latest store concepts in Iulius Mall Suceava! 1600 723 ROMANIA PROPERTY CLUB

IULIUS Company and fashion retailer Inditex are bringing the most modern store concepts by the Lefties and Stradivarius brands for the first time in north-east Romania in Iulius Mall Suceava. Lefties is a fashion brand catering to the entire family, combining modern design with affordable prices and digital retail technologies. Stradivarius is the women’s fashion brand in the Inditex portfolio, acclaimed for its youthful and sophisticated style. The expansion of Iulius Mall Suceava, set to be completed by the middle of this year, will also include other international brands, drive thru type restaurants, coffee shops, a gym, green spaces, and additional parking spaces.

IULIUS Company is consolidating its partnership with Inditex Group, one of the world leading fashion retailers. Starting the first half of this year and for the first time in the region, Iulius Mall Suceava customers will be able to explore the most modern store concepts available around the world and the latest collections by brands Lefties and Stradivarius.

Lefties will open the latest Digital Store concept, set to integrate advanced technologies that allow for a straightforward and efficient shopping experience. The store will include smart fitting rooms, easy pay cash registers, in-store return stations, and a clothing and accessories customization area. Lefties will have a generous floor area spanning 3,000 sqm, offering timeless, sustainable and high quality essentials for the entire family. The collections for women, men, teenagers, girls, boys and babies are created considering the customers’ everyday needs, with an emphasis on versatile and easy to wear clothing at competitive prices. This will be the first Lefties store in the east of the country and the fourth in Romania.

Stradivarius is one of the Spanish concern’s most beloved brands, operating 850 stores in 64 countries. The brand exclusively addresses women and is recognized for its youthful modern style and versatile design, as well as its affordable pricing. Through every season, the brand offers collections inspired by the latest trends on international catwalks, from everyday clothing pieces to formal wear and accessories.

The two Inditex stores will open in the first half of this year, upon completion of the Iulius Mall Suceava expansion, which is set to deliver a total leasable area of 60,000 sqm. The new shopping area will integrate modern shopping and dining concepts, including department stores and fashion brands, some for the first time in the region, as well as restaurants, coffee shops, drive-thru venues, ice cream parlors, a gym, and additional parking spaces. Furthermore, new access routes will be created, connecting the mall and the additional parking spaces, and the area will benefit from landscaping features, green spaces and ambient features to improve the visitor experience.

Romanian premiere: Foster + Partners, a world leader in contemporary architecture, is designing IULIUS’ developments in Constanța and Iași

Romanian premiere: Foster + Partners, a world leader in contemporary architecture, is designing IULIUS’ developments in Constanța and Iași 750 536 ROMANIA PROPERTY CLUB

IULIUS Company, one of the largest real estate developers in the country, marks a new strategic development stage and will collaborate with Foster + Partners, one of the most innovative and world-renowned architecture firms, to implement the company’s new urban development vision. The two projects that IULIUS is developing in Iași and Constanța will harness Foster+Partners’50-plus years of global expertise.

The architects’ holistic approach will be reflected in these two major projects:

  • Palas Iași reconfiguration: the company’s landmark project and its best-performing one in the retail segment outside the Capital will be reconfigured to meet the current demands of the market and the community. The transformation will highlight the uniqueness of the location by integrating the Palace of Culture and positioning it in the city’s civic and cultural center and thus enhancing the visitor experience.
  • Large-scale urban reconversion project in Constanța: an investment upwards of 800 million Euro targeting the Oil Terminal platform, which will be completely decontaminated and reconnected to the rest of the city, in a modern, vibrant, and sustainable urban environment. The concept proposed by Foster + Partners offers a vision for the redevelopment of this area, now completely isolated from the rest of the city, transforming it into an attractive hub, with integrated functions that will support the economy, tourism, and social life. The project will revitalize Constanța and strengthen the city’s status as a strategic economic, social, and cultural hub, while contributing to regional and national competitiveness.

“Our entire activity over the past 25 years has revolved around projects that transform cities into better spaces for communities. The projects initiated with Foster + Partners are two of the most complex initiatives we have undertaken so far. In Iași, we are upgrading an existing complex in an iconic historical location, where reverence for the surrounding monuments, such as the Palace of Culture, is paramount. In Constanța, we are likely dealing with one of the largest decontamination projects in Europe and the opportunity to give an identity to an area currently isolated and contaminated. We propose to fully reintegrate this urban space, now an enclave, into the city and transform it into a vibrant center with functions that the city currently lacks. With the expertise of Foster + Partners architects and by working closely with the authorities and the respective communities, we are confident that we can implement a vision that redefines urban development standards in Romania,” said Iulian Dascălu, President of IULIUS Company.

“We are honored to work with IULIUS in addressing the challenges of urban regeneration in two cities of great significance in Romania. Both the Palas Iași project, with its historical and cultural complexity, and the reconversion of the platform in Constanța, a large-scale industrial area, offer opportunities for creating lasting positive impact. It is rare to find a developer with the courage and vision to take on such ambitious challenges. We are proud to lend our expertise and we are confident that, through this collaboration, we will transform these locations into sustainable and attractive destinations, serving as models for the future,” said Maximilian and Daniel Zielinski, Senior Partners Foster + Partners.

Cluj-Napoca, Timisoara and Iasi lead the top of the most attractive investment destinations for 2024

Cluj-Napoca, Timisoara and Iasi lead the top of the most attractive investment destinations for 2024 2560 1707 ROMANIA PROPERTY CLUB

15.02.2024

 

Romania Property Club surveyed the most dynamic investors for the forces that shape the city skyline in 2024.

 


THE TRENDS FORUM 2024

The local administrations in regional areas are making an attempt in supporting real estate investment, as they’re aware of the impact on job creation and are interested in catching up in terms of development.

Our survey respondents ranked the highest achievers in terms of economic concentration and attractiveness for real estate development. Cluj-Napoca topped the list once again, which is only natural considering its world-class talent pool and entrepreneurship mindset. It is followed by Timisoara, Iasi, Brasov, and Constanta. Other newcomers on the radar are Targu-Mures and Galati-Braila, both poles benefiting from tailwind due to recent infrastructure investments. Outside of the nominated cities, we find that Craiova, Bacau, Sibiu, and Oradea have the premises to boost their contribution to the national economy in the medium to long term.

As for asset classes, the performance expectation is slightly different than for Bucharest. Industrial & logistics makes its way to the first spot; however, retail is believed to fare better than residential in regional hubs, followed by residential, mixed-use, office and hotels.

In terms of short-to-medium terms growth factors, our respondents indicated infrastructure development as one of the main drivers. The main infrastructure projects with an impact on real estate development, highlighted by our respondents:

  • Contracting and start of the execution of the A7 highway – Ploiesti – Pascani sections.
  • Section build on A1, up to Ramnicu Valcea.
  • Craiova express road to A1 is closing its final loop in the next 24 months.
  • Caransebes – Timisoara – Arad rail update to increase goods transportation speed to 120 km/hour.
  • Timisoara ring road under construction, connecting the city to the highway.
  • Rail and road around the Constanta County ports.
  • The third largest suspended bridge in Europe, crossing the Danube in Braila and the express road to Galati.
  • The express road from Oradea to the Hungarian border.