Iulius

Iulius has signed a partnership with IFC, a World Bank member, to create a decarbonation strategy for the entire property portfolio

Iulius has signed a partnership with IFC, a World Bank member, to create a decarbonation strategy for the entire property portfolio 2048 1152 ROMANIA PROPERTY CLUB

17.03.2023

IULIUS has recently signed a partnership with IFC, a member of the World Bank Group, for the purpose of developing a strategy to decarbonize the entire portfolio of the company and achieve net-zero emissions. IFC will use the Green Pathways for Real Estate Institutional Portfolios (GRIP) platform to provide solutions for defining, implementing and financing the plans of IULIUS to reduce greenhouse gas emissions and to reach CO2 neutrality as soon as possible. This would be the first such engagement in Romania.

IULIUS Palas, Iasi

IULIUS is consolidating its sustainability goals for the following years and has thus entered into a partnership with the International Finance Corporation (IFC)a member of the World Bank Group. IFC will use the GRIP platform to support the company in the process of putting together a plan of actions to help reduce the carbon footprint across the entire portfolio. “Buildings are responsible for a third of greenhouse gas emissions globally. Through this partnership, Iulius and IFC are helping to accelerate climate action in real-estate development”, said Ary Naim, Regional Manager for IFC in Central and Southeast Europe.

In fact, IULIUS has always built in an environmentally conscious manner and owns the only LEED (Leadership in Energy and Environmental Design) certified nationwide shopping mall network in Romania. This adds to the Palas Iaşi and Iulius Town Timişoara mixed-use projects and the 15 office buildings in the United Business Center network in Iași, Timișoara and Cluj-Napoca, which are all green building certified. “We are particularly excited about this new partnership, which will help us take our sustainability strategy to the next level. The company has already undergone a comprehensive process of implementing high standards of energy efficiency, sustainable management of green spaces, outdoor surfaces and waste, and other sustainable solutions, as confirmed by the LEED certifications. However, we want to contribute even more to maintaining a healthy environment by reducing the carbon footprint in all eight of our projects,” said Dan Adrian Chelaru, Group Sustainability Officer IULIUS. 

Examples of certifications 

  • Palas Iași – the only LEED® Neighborhood Development certified project in Central and Eastern Europe
  • All 15 buildings in the United Business Center network are LEED® certified, of which UBC 0 (the most recent certification) and UBC 3 Timișoara are LEED® Platinum certified.

In addition to meeting the highest modern technical requirements, their implemented solutions, comfort and safety, the projects developed by IULIUS also benefit from hundreds of bike parking spaces, electric vehicle charging stations, excellent access to public transit, all of which helps reduce the use of personal vehicles and cuts pollution. They are also the only real estate projects in Romania to include urban gardens, which are initial investment upwards of € 17 million.

In 2021 IULIUS also obtained the first green loan granted by IFC to a Romanian company, in the amount of € 72 million for Palas Campus in Iaşi. The ample office project, set to open this spring, is also undergoing a dual green certification process: EDGE (Excellence in Design for Greater Efficiencies) by IFC and LEED by the US Green Building Council.

Iulius opens second Family Market in Iasi, following a total investment of € 24 million

Iulius opens second Family Market in Iasi, following a total investment of € 24 million 1548 871 ROMANIA PROPERTY CLUB

09.12.2022

IULIUS inaugurated the second Family Market project, in the Bucium neighborhood of Iași. The proximity retail project brings services and products needed on a daily basis to the residential area that has seen constant development in recent years. McDonald’s Drive Thru, Auchan supermarket, Sinsay and 23 other local and national entrepreneurs provide the customized mix of products and services resulting from community consultation.

IULIUS Family Market – Bucium, Iasi

This year, IULIUS inaugurated two Family Market projects in Iași: the first in Miroslava commune, last summer, and now the one in the Bucium neighborhood. “It is an investment of 12 million euros and we have a retail area of 5,500 square meters, in which we have brought together 26 brands, which have created over 180 new jobs”, says Radu Pârlea, Shopping Center Manager Family Market. “Most are local and national, with fresh and healthy products, from florists, groceries, pastry shops, restaurants, to auto parts, barbershops and services that you need on a daily basis. The concept is designed to respond to the public’s interest in local consumption”.

The new project integrates a McDonald’s restaurant, the second location of the brand with Drive-Thru service and the fourth in the city of Iasi. The restaurant integrates the latest technologies, being equipped with digital screens for displaying menus, kiosks for ordering products. The anchor of the project is Auchan supermarket, a large format concept of more than 2,000 sqm, where customers can find more than 11,000 items on the shelves. The shopping offer is completed by: Sinsay, La Bottega, La Ciambella, Kosarom, Spartan, Fusion To Go (sushi), Dolciano, Dulcinella and Teo`s Café.

German company Infineon Technologies AG opened an R&D center in IULIUS Group’s Palas Iasi complex

German company Infineon Technologies AG opened an R&D center in IULIUS Group’s Palas Iasi complex 420 250 ROMANIA PROPERTY CLUB

12.10.2022

German semiconductor manufacturer Infineon Technologies AG is growing its presence in Romania by opening an office in Iași, located in the Palas mixed-use complex, an investment by IULIUS Group. The new research and development center will initially occupy a 600 sqm area, and will expand in the future. Infineon engineers working here create semiconductor solutions for the automotive industry.

The company currently operates an R&D center in Bucharest and is expanding its business to Iași, by opening an office in the United Business Center 3 office building in the Palas mixed-use complex.

“We are glad that Infineon Technologies decided to join the business community in Palas Iași, an established regional center for major tech companies that create essential solutions for a better life. Iași has grown a lot in the last 10 years and is on the radar of big companies in the most dynamic sectors of the economy, being an attractive city in terms of investments, competing not only with Bucharest, Cluj-Napoca and Timișoara, but also with other similar European cities,” said Ionuț Pavel, Office buildings Manager Palas Iași & Palas Campus.

The new center will accommodate specialists in the development of semiconductor solutions for safer, greener and smarter cars. The office has an initial area of 600 sqm and the company plans to expand in the future.

Infineon Technologies entered the local market in 2005, when it opened a research and development (R&D) center in Bucharest and has grown to over 500 engineers in Romania.

Infineon Technologies AG is a world leader in semiconductor solutions that make life easier, safer and greener. Microelectronics from Infineon are the key to a better future. With around 50,280 employees worldwide, Infineon generated revenue of about €11.1 billion in the 2021 fiscal year (ending 30 September 2021).

The United Business Center premium office space network developed by IULIUS Group includes 14 class A office buildings, with a total area upwards of 182,000 sqm, located in the urban regeneration projects in Iași (7 buildings – 75,600 sqm), Timișoara (4 buildings – 80,000 sqm) and Cluj-Napoca (3 buildings -26,200 sqm). All the buildings are designed, built and operated in an environmentally friendly and people friendly manner, so they are all either certified or pending certification in line with the LEED international sustainability standard developed by the U.S. Green Building Council.

In Iași, the business community formed in the Palas complex has grown steadily, attracted by the young and talented workforce generated by the university center and the modern office infrastructure provided by IULIUS. The interest of the business environment in the Group’s projects was the cornerstone for developing the new Palas Campus project nearby the Palas mixed-use complex. Palas Campus is the largest A class office building in Romania, with a gross leasable area upwards of 60,000 sqm; it is set to open early next year and is already fully leased.

Iulius Town Timisoara reaches 80,000 sqm of premium office space

Iulius Town Timisoara reaches 80,000 sqm of premium office space 420 250 ROMANIA PROPERTY CLUB

04.10.2022

The fourth office building in the Iulius Town Timișoara complex is operational and consolidates the regional business hub in the urban regeneration mixed-use project to a total leasable area of 80,000 sqm and a 40-plus company from three continents community. United Business Center 0 has a leasable area upwards of 30,000 sqm and accommodates the offices of 15 companies operating in the IT & Outsourcing, automotive and service industry.

The fourth office building recently opened in Iulius Town Timișoara, the only urban regeneration mixed-use complex in the west of Romania. Comprising two levels of underground parking, semi-basement, ground floor, 15 floors of office space and two technical floors, United Business Center 0 (UBC 0) has a total leasable area of 30,000 sqm and accommodates the offices of 15 companies and 4,000-plus employees.

“The new building is a project adapted to market requirements, addressing a real need in the office segment for premium office spaces adjusted to the current reality and the employees’ expectations for their working environment. Beyond the state-of-the-art technological equipment, which creates optimal working conditions, and furnishings that encourage the exchange of ideas and socializing, it is also very important to note the services and facilities available to employees, which are increasingly relevant for companies. UBC 0 is fully leased to companies with expansion plans or newcomers in the region, who are joining the business community in Iulius Town Timișoara,” said Laurențiu Manea, Office Buildings Manager Iulius Town Timișoara.

The building accommodates the two-floor center of software developer Endava. Companies that occupy one floor each include the Porsche Engineering Romania development center, the software development center of Cognizant Softvision, and the office of market research and survey company Toluna România. The UBC 0 community also includes the offices of IT consulting & management company Infosys Consulting, the software development center of Haufe Group, the customer relations support service center Linde Global Services Romania, doctari group technology hub, Unbabel technology center in translation, IT Vizion industrial IT solutions center, the service center of brake technology developer TMD Friction, and the local office of the professional services firm PwC Romania.

The new premium office building is integrated in the Iulius Town Timișoara mixed-use complex, which provides immediate access to stores and services, themed restaurants and coffee shops, food court, offices of public institutions, kindergarten and primary school, the largest fitness center in Romania, multiplex cinema including the VIP dinner and movie all-inclusive concept, medical services and multiple leisure opportunities.

IULIUS obtains the largest real estate loan granted in Romania to date: more than EUR 410 million

IULIUS obtains the largest real estate loan granted in Romania to date: more than EUR 410 million 810 600 ROMANIA PROPERTY CLUB

29.09.2022

IULIUS Company together with partners Atterbury Europe, recently signed a 410 million Euro financing agreement for the nationwide network of Iulius Mall regional shopping centers in Iași, Cluj-Napoca, Suceava and Timișoara. The loan supports the long-term investment plans of the developer toward consolidating its projects’ regional market leader status in the retail and entertainment segment.

 The 410 million Euro loan contracted by IULIUS Company is a long-term syndicated loan refinancing granted by Erste Group Bank AG, Banca Comercială Română S.A., Raiffeisenlandesbank Niederösterreich-Wien AG, OTP Bank Nyrt, and OTP Bank Romania S.A. Wolf Theiss, one of the largest law firms in Central, Eastern and South-Eastern Europe, provided the legal framework for conducting this transaction.

“This is a landmark transaction for the Romanian real estate market by the volume and characteristics which offer a viable alternative to the capital market. On the one hand, it certifies the financing parties’ confidence in the projects of IULIUS Company that have grown into sustainable and recognized regional centers of attraction in terms of shopping, business and leisure. On the other hand, it certifies our loyalty to and trust in banks as business partners, which are essential values in our organization. The new loan is geared towards implementing the corporate goals in the development strategy of the company,” said Marius Perșenea, Chief Operating Officer.

As of 2017, the Iulius Mall regional shopping mall network in Iași, Suceava, Cluj-Napoca and Timișoara (an integral part of the Iulius Town Timișoara mixed-use project) is owned by companies IULIUS and Atterbury Europe based on a 50-50 joint venture partnership.

The company portfolio includes major real estate projects with an initial investment value upwards of 1 billion Euro, projects that have shifted lifestyle perceptions, redefined, and revitalized city centres, and harmoniously integrated with their respective communities. The operating portfolio currently comprises 310,000 sqm of retail premises located in two mixed-use urban regeneration projects (Palas Iași and Iulius Town Timișoara), the only ones of this kind in Romania, in the nationwide network of Iulius Mall regional shopping malls (in Iași, Cluj-Napoca, and Suceava), as well as the first Family Market project in Miroslava (Iași), a convenience retail concept. These are vibrant spaces that define poles of urban attraction and draw more than 70 million visits every year.

UNStudio’s solution won the international architecture competition organized by IULIUS for a new development in downtown Iasi

UNStudio’s solution won the international architecture competition organized by IULIUS for a new development in downtown Iasi 420 250 ROMANIA PROPERTY CLUB

01.07.2022

The architectural complex designed by UNStudio for the international competition organized in Iași by IULIUS company was selected by a specialist jury as the winning solution for an upcoming development set to become a contemporary landmark in the downtown area of the city.

Described by the members of the jury as “the most complete and balanced answer to the complete set of criteria in the competition theme,” the project proposed by UNStudio provided a highly creative and innovative solution to all the challenges generated by the specific features of this valuable and dominant historic and cultural heritage-laden site.

After two days of deliberations, the jury comprised of architects Șerban Țigănaș, Augustin Ioan, Dragoș Ciolacu, Mihai Corneliu Drișcu, and Matei Bogoescu, and historian Cătălin Turliuc, specialized in terms of heritage, urban planning, contemporary architecture and public realm enhancement, named the winner of the international architecture competition that challenged contenders to propose a contemporary architectural complex that would complete the current urban landscape of downtown Iași, that is defined by iconic landmarks of various architectural ages.

The four solutions submitted by the reputable architecture firms that were invited have equally demonstrated remarkable depth of research and knowledge of the complex and particular context of the construction site for the upcoming development. The strategies for addressing this context have been different, none of them failing to pay attention to the quality of public spaces, to the essential views toward historical monuments, to nature and the social component, and to highlighting recent archaeological discoveries in the area.

“Bridging Time, Bridging Communities”

The project was created by UNStudio from Amsterdam architects and was developed following the “develop around the theme of City Horizon” principle. In its reasoning, the jury concludes that “the volume is flat and the lowest of all the proposals. The horizon of the city is in fact an extension of the plateau of the Palace of Culture Square, which lends itself to a 360 degrees panoramic view of Iasi and its urban scape. The spatial connection between upper and lower levels of the site is mediated by the planted parcourse, a real oasis.”

IULIUS Company has organized this competition, wanting to develop a project based on the city residents’ vision, the expectations of a community and the aspirations of a generation.

IULIUS is launching a new investment in Cluj-Napoca – the largest urban regeneration project in Romania

IULIUS is launching a new investment in Cluj-Napoca – the largest urban regeneration project in Romania 420 250 ROMANIA PROPERTY CLUB

04.04.2022

With more than a decade’s worth of expertise in developing and operating mixed-use urban regeneration complexes in Romania, the only projects of this kind in the country, IULIUS Group is now launching a new project in Cluj-Napoca.

The investment upwards of half a billion Euro focuses on the Carbochim platform, set to become the largest urban reconversion project on the Romanian market. This urban development endeavor will transform the industrial area into a vibrant space in Cluj and will be integrated as part of the city. The Carbochim factory will be relocated this year and upgraded, without any periods of business interruption. The new project includes:

  • the largest retail area in the country (115,000 sqm)
  • a center dedicated to performing arts
  • conservation of two industrial heritage buildings and reintroduction thereof into the public circuit
  • a model of integrated approach to green spaces, connecting the urban garden spanning on 4-plus hectares with the adjacent parks, and a complete reconfiguration of the road and pedestrian infrastructure
  • a new bridge and a pedestrian walkway over Someș River
  • an eco-neighborhood integrated in a mixed-use project
  • bicycle and pedestrian infrastructure along the Someș River waterfront
  • consolidating a new business hub
  • the largest underground parking lot in the country, with 6,000-plus parking spaces.

After 15 years of presence in Cluj-Napoca, IULIUS is launching the largest urban reconversion project in the country. Using a massive investment, estimated upwards of half a billion euro, the Carbochim industrial platform will be converted into a destination of the city, a unique meeting place for the community. As far as magnitude of investment, urban development impact, and diversity of the uses integrated therein go, this will be the most prominent project in Transylvania, after the Cluj-Napoca metro line project.

Carbochim is the largest manufacturer of professional abrasives in Romania. The industrial platform spans on approximately 14 hectares, with less than 30% of the area currently utilized for manufacturing purposes, while the rest is either underused or residual. The factory will be relocated this year in the industrial area of the city, in the former industrial facilities of Tricotaje Someșul on Muncii Boulevard. More than € 5 million will be invested in relocating, modernizing and upgrading the production unit, without interruptions to its activity.

“We want to give to the city a piece of itself by transforming the Carbochim platform into a space for the entire community. The urban reconversion investment will be a large-scale one, in line with the general urban development strategy of Cluj. This project is designed for the present, but also for the generations to come. It expresses our vision of gratitude for the past by continuing the industrial activity, while also creating the future via a sustainable and resilient project,” said Iulian Dascălu, President of IULIUS Company.