Iulius begins €80 million renovation project of mixed-use complex in Iași
Romanian developer Iulius has begun the first phase of a major modernisation project for the Palas mixed-use complex in Iași.
Romanian developer Iulius has begun the first phase of a major modernisation project for the Palas mixed-use complex in Iași.
Property developer Prime Kapital has secured an €85.5 million refinancing facility from Erste Group for Argeș Mall, which opened in April 2024.
Erste Group Bank AG has provided a €85.5 million refinancing facility for Argeş Mall in Piteşti, developed by Prime Kapital.
In 2025, deliveries of over 200,000 sqm of new retail space are expected in Romania, of which almost half will be shopping malls, according to a report by Colliers Romania.
Lefties inaugurated its third store in Romania, on a generous 5,000 square meters area located on the Iulius Mall's upper floor.
62% of the consumers have purchased products after seeing advertisements in shopping malls.
As cities expand, the distances between residential neighborhoods and commercial centers grow, yet the number of visits to shopping malls continues to rise.
The announcement marks the completion of a €16 million investment by Indotek that created a premier mass-market destination for international retail brands.

Parapet, the Romanian EPC contractor specialising in renewable energy, has announced the signing of seven new contracts with Italian green energy company, Alerion.
The Ministry of Finance (MF) has borrowed RON 833 million (around €167.3 million) from banks through two state bond issues, according to BNR data.
The Competition Council in Romania has issued a series of competition concerns regarding the planned acquisition of local retailer La Cocoș by the Schwarz Group.
The volume of retail trade in Romania saw a significant drop in September 2025, registering a -2.1% decrease compared to the same month in the previous year.
The EC has adopted a comprehensive transport package aimed at accelerating the roll-out of Europe's high-speed rail network and boosting investment in renewable...