Between May 31, 2012 and May 31, 2013 the center’s retail area registered a turnover of EUR12.9 million, while the office space area had a turnover of EUR3 million.
For 2013 the developer estimates a turnover of EUR13.4 million from retail operations and EUR3.757 million on the office segment.
Palas Iasi attracted an investment of EUR265 million and has a total built surface of 270,000 square meters, of which Palas Mall occupies 54,200 sqm, Palas Shopping Street – 6,300 sqm, and three class A office buildings with over 20,000 sqm rentable space, grouped under the name United Business Center.
Iulius Group is the biggest Romanian shopping mall developer and operator and has four malls in the country in Iasi, Timisoara, Cluj-Napoca, and Suceava. The four malls had sales of EUR45.73 million in 2012.