Iulius

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.

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