Iulius invests €29 million in Europe's largest private soil cleanup

23
Sep
2025
News - Iulius invests €29 million in Europe's largest private soil cleanup #Constanța #Construction #ESG #Foster + Partners #Investment #Iulius #Mixed-Use #Raluca Munteanu #Romania #Sorin Ciutureanu

by Property Forum | Report

Romanian developer Iulius has launched Europe's largest private bioremediation project, investing €29 million to clean 38 hectares of contaminated land in downtown Constanța. The project will transform the former Oil Terminal platform into an integrated urban regeneration complex worth over €800 million.


The cleanup process uses an innovative Romanian scientific method developed by researchers at the National Research & Development Institute for Pedology, Agrochemistry and Environmental Protection (ICPA) in Bucharest. The team created a formulation of natural microorganisms that can absorb hydrocarbons, boosting the soil's natural healing process and reducing remediation time.

"This area has held a decades-long historical role in the development of Constanța and has been a driver of economic growth. We aim to transform this place from a symbol of yesteryear's industry into a clean and modern urban regeneration project," said Raluca Munteanu, Development Manager at Iulius.

The contaminated site housed an oil depot with over 30 tanks containing petroleum products for about 80 years. The tanks, built around 100 years ago, were no longer technically viable for remediation. "The platform has been out of use for more than a decade now due to the incompatibility of these operations with the city center," explained Sorin Ciutureanu, General Manager of Oil Terminal.

Iulius invested over €420,000 in research infrastructure, including €300,000 for a laboratory at ICPA and €120,000 for a chemical testing laboratory at Ovidius University of Constanța. The bioremediation process includes soil treatment, physical isolation of contaminants, and groundwater purification. The future development, designed by Foster + Partners, will include cultural venues, retail spaces, offices, parks, and connectivity solutions to make Constanta an active destination year-round.




New leases

  • UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.

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