IULIUS has signed a partnership with JUMBO, which will enter the local market of the city of Cluj through the RIVUS urban reconversion project.
The project aims to turn the former Carbochim industrial platform into a mixed-use complex, with retail, cultural, entertainment, office spaces and a park, following an investment of over EUR500 million.
The new Jumbo store will cover roughly 8,000 square meters.
Jumbo Group entered the Romanian market in 2013 and currently has 19 stores, of which 5 in Bucharest-Ilfov, 2 in Oradea and one in each of the cities of Timisoara, Arad, Ploiesti, Pitesti, Constanta, Suceava, Bacau, Braila, Brasov, Craiova, Sibiu and Iasi. The company also owns the online store e-JUMBO.