Iulius invests €28 million in new retail park

Business Forum
Romanian developer Iulius is investing €28 million in its third retail park under the Family Market brand in Tomești commune, Iași County.

The new Family Market Tomești will feature an expanded leasable area of 16,000 sqm, offering a diverse mix of shopping and green spaces spanning 10,000 sqm.

The adjacent infrastructure will undergo significant modernisations, including street widening, the creation of a roundabout and access roads, along with over 450 dedicated parking spaces, bicycle racks, and charging stations for electric vehicles.

"The first two such projects – Miroslava and Bucium – recorded sales increases of up to 33% in 2024 compared to 2023, while the number of visitors grew by approximately 40%. This is because, alongside retailers and residents, we have managed to propose the necessary mix of services and products for the communities we serve, combining beloved brands with local producers, with over 50% of tenants being local entrepreneurs," stated Radu Pârlea, Shopping Center Manager Family Market.

The planning and authorisation process for the new park is underway, and construction is expected to commence by the end of 2025, with an estimated completion date in Q4 2026.

RECOMMENDED
Retail deliveries in Romania fall 15% in 2024
Real estate

Retail deliveries in Romania fall 15% in 2024

New retail projects with a combined leasable area of around 180,000 sqm were completed in Romania during 2024, down by around 15% versus 2023, with retail parks accounting for the biggest share of deliveries, according to Cushman & Wakefield Echinox. 

M Core buys Shopping City Suceava
Real estate

M Core buys Shopping City Suceava

M Core, the biggest owner of retail parks in Romania, has purchased Shopping City Suceava from Argo Capital, for an undisclosed sum.

RECOMMENDED FROM THE HOME PAGE
Romanian economy shows signs of recovery in Q3
Economy

Romanian economy shows signs of recovery in Q3

Romania's economy delivered a mild upside surprise in the third quarter, with flash estimates pointing to 1.6% annual growth, above expectations. However, the economy still contracted by 0.2% versus the previous quarter. After nine months of 2025, the economy is 0.8% above the same period of 2024, according to a report by ING Bank Romania.

Real estate

MedLife reports 20% growth in first nine months

MedLife, Romania's largest private healthcare network, announced financial results for the first nine months of 2025. The group recorded consolidated pro-forma revenue of over RON 2.36 billion (€464 million), up 19.5% compared to the same period in 2024. EBITDA pro-forma increased by 20.4% compared to the first nine months of last year.

Finance

BID Romania joins €100 million fund for CEE growth companies

The Romanian Investment and Development Bank (BID) has committed €20 million to the Three Seas Initiative Innovation Fund, becoming the fifth national promotional institution to support the EIF-led investment vehicle targeting growth-stage companies across Central and Eastern Europe.

Industry

Digi Communications reports 16% revenue growth on nine months

Digi Communications has announced its Q3 2025 financial results, showing consolidated revenues of €561 million, up 14% compared to the same period last year. The telecom company achieved total revenues of €1.643 billion for the first nine months of 2025, representing a 16% increase year-on-year.

READ MORE
Business Forum  |  14 November, 2025 at 4:36 PM
Business Forum  |  14 November, 2025 at 2:47 PM