Designed as an extension of Palas Iasi, inaugurated in 2012, the new project will strengthen the regional business center hub in the city center, which will reach 130,000 square meters.
Palas Campus will have 54,000 sqm of premium office space and 6,000 sqm of retail space, due for completion in 2022.
Palas Campus will be developed horizontally. The project integrates a new food market concept, with restaurants, coffee shops, terraces, useful daily services and an area dedicated to local producers and entrepreneurs. Throughout construction works, the complex will create 1,700 jobs and over 5,000 during its operational period. The campus will have a two-level underground parking garage with a capacity of 625 spaces, following an investment of EUR33.3 million.
Iulius Group owns the mixed-use Palas projects in Iasi and Iulius Town in Timisoara, shopping malls under the Iulius brand in Iasi, Timisoara, Cluj-Napoca and Suceava, as well as several office buildings.