Romanian developer Iulius is investing €28 million in its third retail park under the Family Market brand in Tomești commune, Iași County.
The new Family Market Tomești will feature an expanded leasable area of 16,000 sqm, offering a diverse mix of shopping and green spaces spanning 10,000 sqm.
The adjacent infrastructure will undergo significant modernisations, including street widening, the creation of a roundabout and access roads, along with over 450 dedicated parking spaces, bicycle racks, and charging stations for electric vehicles.
"The first two such projects – Miroslava and Bucium – recorded sales increases of up to 33% in 2024 compared to 2023, while the number of visitors grew by approximately 40%. This is because, alongside retailers and residents, we have managed to propose the necessary mix of services and products for the communities we serve, combining beloved brands with local producers, with over 50% of tenants being local entrepreneurs," stated Radu Pârlea, Shopping Center Manager Family Market.
The planning and authorisation process for the new park is underway, and construction is expected to commence by the end of 2025, with an estimated completion date in Q4 2026.
