IULIUS Company officially opened its second major urban regeneration project in Iași. Palas Campus is the largest office building in Romania, with a leasable area of 60,000 sqm, and it entailed a capital infusion upwards of EUR 120 million.
To this date, IULIUS Company developed five real estate projects in Iași, which add up to 130,000 sqm of office space and 105,000 sqm of retail spaces for which it allocated EUR half billion (Palas Iași, Palas Campus, Iulius Mall Iași, Family Market Miroslava, and Family Market Bucium).
“We kickstarted Palas Campus when we were already facing the challenges of the pandemic, in an expectant office market. We are now welcoming our partners into our new building: 13 world-renowned companies, with dedicated offices for more than 5,000 local talents in the creative and automotive industry, who are working here on programming that impacts the future of business, safety and quality of life in general. It is an attractive project, unique from many perspectives, with a mission geared towards developing and supporting the city, a strong focus on sustainability and national premieres in this direction. A project that has brought to Iași the first regional headquarters of powerful companies and supported the development of those already present in the regional business hub that has grown over the last decade in Palas Iași,” said Iulian Dascălu, the President of IULIUS Company.
Palas Campus is a continuation of Palas Iași, the first mixed-use urban regeneration project in Romania located in the immediate vicinity, and benefits from the multiple uses of the complex. With an investment upwards of EUR 320 million, Palas Iași means a regional business community, with 7 class A office buildings; the primary shopping and entertainment destination in the north-east of the country; an urban garden spanning on 5 hectares, accommodating dozens of events every year, and leisure facilities.
In total, the business hub developed in downtown Iași by IULIUS Company via Palas Campus and Palas Iași integrates 8 buildings and 130,000 sqm of class A offices, accommodating more than 70 companies in the most dynamic and creative sectors, increasing the attractiveness of Iași City and its position as a regional leader in technology and innovation.
