The next bet for Iulian Dascalu is Bucharest.
“It will have to be a flagship project, this is what Bucharest needs. There are plenty of office buildings and standalone shopping galleries. We need to do something different,” Iulian Dascalu says.
He has already announced his intention to partner with Romexpo to build a mall and office space complex on the Expozitiei Boulevard in Bucharest. Iulian Dascalu says he wants to develop a similar project to Palas in Iasi and Iulius Town in Timisoara in Bucharest.
“We’ve got ideas, we’ve got proposals, and we are still analyzing things with our partners. There is nothing we can publicly reveal at the moment.”
Iulian Dascalu bought several non-essential buildings of the Romexpo exhibition complex in Bucharest for EUR3 million in 2017, which he plans to take down.
(English version by Loredana Fratila-Cristescu)