Chairman, Iulius Group
Portfolio value of Iulius Group:
1 bn. €
More than 20 years of experience operating in Romania
Iulian Dascalu founded Iulius Group in 2000, company which became the largest Romanian owner of shopping malls on the local market. His business started in the early 90s, at first with a few shoe stores, followed by Iulius Commercial Centre in 1995 and Terra Commercial Centre in 1996. His first mall was Iulius Mall Iasi in 2000, the first shopping mall outside of Bucharest.
Now Iulius Company is the only developer and operator of mixed-use urban regeneration projects in Romania, with more than 20 years of real estate experience and operating in 4 major Romanian cities, namely Iași, Timișoara, Cluj-Napoca, and Suceava. Experience also brought about the projects that have changed perceptions about lifestyle, have redefined and revitalized urban centers and became integrated in their respective communities. The project then had an organic development up to a portfolio that currently comprises more than 300.000 sqm of retail premises in two mixed-use urban regeneration projects (Palas Iași and Iulius Town Timisoara), the only ones of this kind in Romania, as well as a nationwide network of regional shopping malls (Iulius Mall – Iasi, Cluj-Napoca and Suceava). These are vibrant spaces that define poles of urban attraction and draw more than 68 million visitors every year.
In the last 10 years, Iulius Company also became one as the most active developers and operators of class A office spaces, building regional business hubs and creative multinational communities in three major academic centers in Romania, namely Iasi, Timisoara and Cluj-Napoca. In total, there are 13 green buildings with a total area upwards of 152.000 sqm, accommodating more than 80 company head offices and 15.000-plus employees.
With projects like Iulius Palas in Iasi and Iulius Town in Timisoara, Iulius Goup radically transformed the center area of the two cities. In 2020, a year affected by the pandemic, Iulius started Iulius Campus in Iasi, an investment in an office project of more than 120 mil. EUR. Iulius Group started the procedure to develop a 3 billion euros project at Romexpo, in a partnership with the Romanian Chamber of Commerce.