Romanian developer Iulius has comissioned UK-based Foster + Partners architecture studio to work on two projects in Romania.
The studio will support the reconfiguration of the Palas Iași mixed-use complex and will provide a concept for the urban regeneration project in Constanța, which will have an investment budget of more than €800 million.
In Iași, Foster + Partners is reimagining the multiple uses in the complex and optimizing the existing spaces to expand the retail area up to 80,000 sqm.
In Constanța, Iulius is proposing an urban reconversion project for a 38 hectares land owned by Oil Terminal, that has been inactive for 10-plus years. The industrial area will be restored to the city in the form of a mixed-use urban development hub, designed to match the needs of the community.
“Both the Palas Iași project, with its historical and cultural complexity, and the reconversion of the platform in Constanța, a large-scale industrial area, offer opportunities for creating lasting positive impact,” say Maximilian and Daniel Zielinski, Senior Partners at Foster + Partners. These are the first projects of the international studio in Romania.
In Constanța, Iulius will be likely dealing with one of the largest decontamination projects in Europe, explained Iulian Dascălu, Iulius’ President.
“We propose to fully reintegrate this urban space, now an enclave, into the city and transform it into a vibrant center with functions that the city currently lacks,” says Dascălu.
Iulius’ portfolio comprises more than 310,000 sqm of retail spaces in two mixed-use projects, as well as regional shopping malls and retail parks. The company also owns 15 green office buildings with a leasable area close to 250,000 sqm.
