Romanian government approves Iasi regeneration

By Mike Hayes03 March 2020

Palas Iasi image

Authorities in Romania have approved plans for a project to regenerate underdeveloped areas of the country’s second largest city, Iasi.

The proposal from Iulius – one of Romania’s largest property developers – is set to cost in excess of €470 million. It will include the expansion of the country’s first mixed-use development, Palas Iasi, which originally opened in 2012.

The new development will create the largest business centre in the region, which currently boasts a total built area of more than 270,000m2.

Included in the new proposal from Iulius is a 10-storey office building, with a 17,000m2 leasable area; a six-storey office block, with a 5,600m2 area; and a seven-storey block, comprising space for office, retail and leisure use.

In later phases, the expanded development will also host a hotel and a residential, while Iulius has also been given the green light to upgrade existing roads and build additional parking spaces, bicycle lanes and new parks and green areas.

Latest News
Combilift launches turbine component carrier
Materials handling equipment specialist enters the offshore wind supply arena with new transporter system
SAIA reorganizes MEWP Council
The SAIA’s MEWP Council has assembled a new team and updated its goals and objectives for coming year
Video interview: where is construction on its tech journey?
Andy Verone, Chief Strategy Officer at Contruent on the biggest productivity gains tech can bring