Iulius delivers extension of shopping mall in Suceava

Business Forum
Iulius and Atterbury Europe have completed a €40 million investment in the expansion of Iulius Mall Suceava.

The expansion added 16,500 sqm of new retail offerings. The project involved both the creation of new spaces and the reconfiguration of existing areas taking the total leasable area of the project to 60,000 sqm.

”The expansion also reflects the increased interest of retailers in joining a commercial destination with consistent performance – in 2024 alone, the mall recorded an 8% increase in sales and 7.5 million visitors. We have brought in new names from international fashion, as well as useful services. Another surprise, which will certainly please the public, is the green area, landscaped with numerous species of trees and shrubs, an ideal space for relaxation and events for all ages," said Eduard Marcu, Shopping Center Manager of Iulius Mall Suceava.

With this expansion, the total investment in Iulius Mall Suceava reached €110 million.
 

RECOMMENDED
Leading logistics developer sees growing demand from defence sector
Real estate

Leading logistics developer sees growing demand from defence sector

Gijs Klomp, Head of Business Development at WDP Romania, talked to Property Forum about the company's strategic focus on long-term tenant partnerships and built-to-suit developments. He detailed how infrastructure improvements and the defence sector are creating new industrial growth.

Cross-sector collaboration drives urban planning at Tilia Summit in Iași
Real estate

Cross-sector collaboration drives urban planning at Tilia Summit in Iași

The first edition of Tilia – Today's Ideas and Leadership in Action (Romanian Cities Summit), organised on 23-24 April at the Palace of Culture in Iaşi by the Iulius Foundation in partnership with the European Bank for Reconstruction and Development (EBRD), brought together 600 in-person participants and more than 300 virtual participants.

Influential urbanist Charles Montgomery to keynote Iași summit
Real estate

Influential urbanist Charles Montgomery to keynote Iași summit

Charles Montgomery, author of Happy City and ranked among the world's 100 most influential urbanists, will be the international keynote speaker at Tilia – Romanian Cities Summit on April 23-24 in Iași. This marks Montgomery's first visit to Romania.

RECOMMENDED FROM THE HOME PAGE
Industry

Russian drone crashes into Galați residential area

A Russian Geran-2 combat drone breached Romanian airspace and crashed into a residential apartment block in the eastern city of Galați early on 29 May, intensifying security concerns along NATO's eastern flank.

Finance

Intesa Sanpaolo Bank Romania CEO resigns

The Board of Directors of Intesa Sanpaolo Bank Romania has acknowledged the resignation of Alessio Cioni from his roles as General Manager and Chairperson of the Management Committee (CEO).

Industry

Electro-Alfa International posts 12% revenue growth in Q1 2026

Electro-Alfa International, a Romanian manufacturer of electrical equipment and provider of EPC and IT services, reported revenue growth and profitability for Q1 2026. The company's total revenues reached €25.7 million, up 12.2% compared to Q1 2025. Net profit increased by 2.9% to €6.2 million, supported by a 2% increase in EBITDA, which reached €10.6 million.

READ MORE
Business Forum  |  29 May, 2026 at 6:02 PM
Business Forum  |  29 May, 2026 at 1:00 PM