(11 Total References)
Redence specialises in East European Properties. The site is designed for those who wish to live or invest in the East European countries. Redence has offices in England and Romania.
The investments of Iulius Group, a company held by Iulian Dascalu, on the Romanian real estate market will reach 350 million euros until 2009.
...Bucharest is not a target, because there already are enough projects in development there," stated Iulian Dascalu, chairman of the Iulius Group.
The moment we want to expand more, we may bring a foreign partner," Dascalu
has borrowed about 80 million euros from banks, according to the latest available information. Iulius Group
will invest 50 million euros in the development of a shopping complex in Suceava, to take up 110,000 square metres.
"As far as the Suceava shopping centre is concerned, we are still working on the design and expecting construction permits from the City Hall.We will invest about 50 million euros in the first phase of the project, and depending on how it goes we will reach about 100 million euros," Dascalu
says.The mall in Suceava will be the fourth built by Iulian Dascalu
, after those in Iasi, Timisoara and Cluj.
says the mall in Suceava will be delivered one year after receiving the construction permit.The complex will be located on a plot of land that belonged to the syringe manufacturer Famos Suceava, which Iulius Group
bought at an auction for 2.9 million euros last year.
"The mall in Suceava will be in an important commercial node in Moldova and will also attract people from the nearby cities, such as Botosani or Piatra Neamt," Dascalu
most important investment is the Palas project in Iasi, which will entail costs of about 150 million euros over the next three years.
"The Palas project, located behind the Palatul Culturii (Culture Palace), will include a complex of flats, a pedestrian shopping street, two office buildings, a theatre, a skating rink and a three hectare park," Dascalu
The project will be developed in partnership with the Iasi City Hall.
Thus, the commercial center will offer ...
Thus, the commercial center will offer 2,500 parking spaces in total," said Iulian Dascalu, the Iulius Mall manager.
At the same time, the company continues the development of its Palas project in Iasi, which is to be finalized in the second half of 2010.
With a total investment of 250 million Euro, Palas is a mixed project, comprising 600 apartments, a commercial area, class A office spaces, four and five-star hotels and a 50,000 sqm park.
"Overall, the Iulius Mall network, with centers in Iasi, Timisoara, Cluj and Suceava, will focus on consolidation and implementation of new retail concepts in 2009," said Dascalu.
In his view, the sector has entered a maturing process, with the largest players seeking to reposition themselves on the Romanian market in the next two years.
In Romania he
is known as the "King of the malls".
Starting from Iasi, Iulian Dascalu, founder and President of Iulius Group, established one of the most powerful development companies in the country, specializing in the segment of regional shopping centers.
These are only a few of the questions Mr. Dascalu
provides answers to in the present interview.
I am optimistic about the future of "niche" shopping centers, specializing in answering the needs of particular groups of customers, he
also outlines the driving forces of city-within-a-city and retail parks development in Romania, and shares his
professional opinion of the correlation between residential and retail real estate in the country.
28-06-07, 8:07, (Property Xpress) - ...
28-06-07, 8:07, (Property Xpress) - Iulian Dascalu, the President of the Iasi-based Iulius Group has taken a EUR 31.5 mln loan from Egnatia Bank, ... read more
100 tineri manageri de top | Bogdan Alupoaie's Blog
1. Iulian Dascalu
a fost citat frecvent in mass-media ca un exemplu de "self made man" si a fost supranumit "regele mall-urilor".