IULIUS is operating the two Family Market projects developed in Iași County in a new 50-50 joint-venture partnership with W&E Assets, a Romanian-American investment group.
The two companies, IULIUS and W&E Assets, hold equal shares in both of the Family Market convenience retail projects opened in 2022, in Miroslava Commune (metropolitan area) and in the Bucium neighborhood of Iași. The partnership is the materialization of a goal to consolidate the new retail concept and, at the same time, to support the development plans in the local real estate. This also certifies the attractiveness of the Romanian property market for international investors, including those from across the Atlantic.
“We are diversifying our partner portfolio with a new collaboration, this time a Romanian-American one, which is a confirmation of the quality of IULIUS projects and their attractiveness on the investment market. IULIUS builds projects in order to own and operate them, and such partnerships help us support future development plans. It is part of our strategy to contribute to the attractiveness of the Romanian market, enrolling new investors with the same appetite for sustainable and non-speculative investments. We are confident about the new partnership and we will certainly continue to do what we do best, that is contributing to the development of Romanian cities,” said Iulian Dascălu, President of IULIUS Company.
W&E Assets is an investment partnership established by Cocanougher Family Office, with operations in the United States of America, and Iași-born tech entrepreneur Ilie Ghiciuc.
The Family Market projects will continue to be managed by the same team of property management specialists within IULIUS Group.
