The developer is set to organize an international architecture context in view of the future project.
In Romania, Iulius Group owns the Iulius shopping malls chain, the mixed-used projects Palas Iasi and Iulius Town Timisoara and several office buildings.
Overall, all real estate projects developed by Iulius Group – of which some have South-African fund Atterbury Europe as shareholder – generated a turnover of RON522 million in 2020, down 12% versus 2019, and a profit of RON6 million in 2020, from RON70 million in 2019 and RON434 million in 2018.