Iulius kicks off €40 million mall expansion in Suceava

Business Forum
Romanian developer Iulius is investing €40 million in the expansion of Iulius Mall Suceava that will increase the leasable area of the project to 60,000 sqm.

The project will bring retail novelties on a 14,500 sqm area and entails the creation of additional space, as well as the reconfiguration and renovation of current areas of the shopping mall opened back in 2008.

In addition, the number of parking spaces will grow from 1,350 to more than 2,400, including 25 dual electric vehicle charging stations.  The expansion is slated for completion in H1 2025.

“The expansion will boost the regional destination status of the mall and draw more visitors and new businesses here, stimulating the local economy,” said Eduard Marcu, Shopping Center Manager of Iulius Mall Suceava.

The mall currently includes more than 170 stores and the biggest multiplex cinema in northern Romania.

RECOMMENDED
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
Electrica secures grid permits for 700 MWh of storage
Energy

Electrica secures grid permits for 700 MWh of storage

Energy company Electrica informs investors and the capital market that it has obtained the technical grid connection permits (ATR) for 17 new battery energy storage projects (BESS), with a total capacity of approximately 700 MWh.

Energy

Romanian grid operator to support peak power consumption during heatwave

Romania's national electricity transmission network operator, Transelectrica, has halted scheduled maintenance shutdowns to ensure the grid operates at maximum capacity during an ongoing extreme heatwave. The preventive measures aim to mitigate operational risks associated with severe weather conditions.