Iulius Town, a real estate project developed by Iulius and Attenbury Europe, represents the biggest real estate investment in the region, worth over EUR220 million. The first development stage is about to be completed and will include the biggest retail area outside of capital Bucharest, of approximately 120,000 square meters.
The Peek & Cloppenburg store within Iulius Town Timisoara will a regional flagship store and its retail space will cover approximately 3,600 sqm.
Established between 1900 and 1901 in Germania, Peek & Cloppenburgis one of Europe’s leading fashion retailers, with more than 140 stores in countries like Germany, Austria, The Netherlands, Belgium, Switzerland, Slovakia, Poland, Hungary and the Baltic countries.
Peek & Cloppenburg has six stores in Romania.
Peek & Cloppenburg ended 2018 with a turnover of RON315 million (EUR68 million), up 26% year-on-year, and a 76.2% higher profit, of RON54 million (EUR11.5 million).
Peek & Cloppenburg stores are multi-brand and host up to 500 brands, among which Hugo Boss, Michael Kors, Armani Jeans, Levis, Guess, Diesel and G-Star Raw, selling apparel for women, men and children.