The retail components of Palas Iasi and Iulius Town Timisoara, along with the office space area of the latter, and the Iulius Mall shopping center in Iasi posted losses of RON2.6 million (Iulius Town office space area in Timisoara) and RON23.6 million (the retail component of the same complex).
The retail area of the Iulius Town Timisoara generated the highest revenue of all in 2020, RON118 million, down from the RON130 million of 2019.
In all, the Iulius Group developed projects – some of which co-owned by South Africa’s Atterbury Europe, generated RON522 million revenue in 2020, 12% less year-on-year. They also made RON6 million profit together last year, down from the RON70 million of 2019 and the RON434 million of 2018.
(English version by Loredana Fratila-Cristescu)