Basically, Dascalu made one euro from tenants per every visitor that went into a Iulius Mall in the first half of the year, according to information supplied to ZF by the company.
The revenue of the shopping center chain went up 10% against the first half of 2011.
Traffic in these malls saw a “slight increase,” say representatives of the Iulius Group.
The tenants with the biggest contribution to the mall’s revenue include companies such as Auchan, Altex, Inditex, H&M, C&A and Cinema City.
As far as revenues are concerned, Iulius Group did not provide separate information for each mall, but traffic data shows that the malls in Timisoara and Cluj continue to boast the highest traffic with 7.4 million visits in the first six months (40,600 people per day on average) and 7.3 million visitors (40,100 people per day) respectively.
The results of Iulius Mall Iasi are set to be influenced as of this year by the opening in late May of the mall in the Palas complex, with a lettable area of 60,000 sq m.
At the beginning of the year Dascalu budgeted a revenue of EUR44.2 million from the Iulius Mall chain, up 6% on last year, while results of the shopping center in Palas could bring the overall retail revenues of the businessman towards EUR50 million. In 2013, the first full year of functioning for the Palas project, Dascalu estimates he will get revenues of EUR8.9 million from the mall.
(English version by Daniela Stoican)