Iulius keeps 25% of the expansion of retail space in Palas Iasi for local entrepreneurs

The real estate developer Iulius Group, owned by Iulian Dascălu, will allocate 25 percent of an additional 6,000 sqm of retail space in the Palas project in Iaşi to local entrepreneurs and producers. The company is currently investing EUR 120 million to expand the retail area of the Iasi complex.

"The project will include a food market concept, with restaurants, cafes and terraces, a service area, including medical, but also locations of local producers. Thus, there are opportunities for them to be part of a project where more than 5,000 employees will work, a constant audience for their businesses, but which will also attract local residents,“ - says Oana Diaconescu, head of leasing Iulius Group.