The loan is provided by a bank syndicate comprising Erste Group Bank Austria (principal agent), BCR, Raiffeisen Romania and Raiffeisen Bank International Austria. The financing will provide capital for the remodelling of Palas Iași and support the implementation of the company's projects under development.

Palas Iași, which opened in 2012, was Romania's first urban regeneration mixed-use complex. The project recorded over 22.2 million visits last year and remains a landmark for real estate projects in Romania. 

"Iulius stands for the real-estate developer who beyond the pure commercial logic creates value-added for the communities where they invest," stated Marko Brekic, Senior Client Executive Erste Group Bank AG. "Palas Iași is one of the most successful, sustainable urban-revitalization projects in Romania and the wider region."

Marius Perșenea, Chief Operating Officer of Iulius, said the refinancing represents "a strong confirmation, on banking and real estate level, of the relevance, impact and quality of the Iulius' projects." With this transaction, the Iulius group reaches over €700 million in financing attracted within 2025, including a €400 million green loan for Rivus Cluj-Napoca obtained in May.