After four years dominated by retail parks, Iulius, together with Atterbury and Prime Kapital along with MAS Real Estate are building malls of about 130,000 square meters in Cluj – Rivus and Transilvania Mall. Prime Kapital is also working on another almost 130,000 square meter mall in Iasi, Mall Moldova. In comparison, AFI Cotroceni, the largest mall in Bucharest has 90,000 square meters after several expansions.
Cluj’s retail space will triple with the delivery of the new projects. Beyond Cluj, Iasi will be the second city with a new supermall under development, and both cities will overtake Bucharest in this department.
(English version by Loredana Fratila-Cristescu)