Iulius to launch new retail concept

16
Jul
2020
News - Iulius to launch new retail concept #development #Iasi #Iulius #retail #retail park #Romania

by Property Forum | Retail

20 years after opening its first shopping mall in Iași, Iulius is launching a new retail concept. Family Market is a concept that addresses the expectations and needs of people living in expanding residential areas. The first project of this type is proposed for Miroslava commune in Iași County and entails an investment upwards of €6 million.


Family Market projects will be developed in the centre of densely populated areas and cater to their particular needs, allowing for time saving, access to services that are missing from the immediate vicinity, as well as providing a social venue. The small-scale format integrates a supermarket and a customized mix of services, as well as landscaped parks and leisure areas.

The first Family Market is currently in the approval and authorization phase and the works will be kick-started this year, depending on the completion of these endeavours. This is an investment upwards of €6 million in Miroslava commune, part of the metropolitan area of Iași.

The Family Market in Miroslava Commune will have a leasable retail area of approximately 6,200 sqm. In addition to a supermarket, the project includes uses designed in line with current everyday needs, as well as geared towards providing comfort. Coffee shops, drugstores, flower shops, beauty salons, cleaners, bakeries, and locations for showcasing small producers are only a part of the elements to be provided in the midst of the community.

Another 4,200-plus sqm are allotted for fitting out a park, the only one in the commune, comprising pedestrian alleys, an artesian fountain and a monument dedicated to heroes. The green areas are designed by the same international team of landscaping specialists that worked on the gardens integrated in the Palas Iași and Iulius Town Timișoara mixed-use projects.

The project will also include an events hall, as well as leisure concepts for people of all ages. Moreover, the investment also entails creating 137 parking places, as well as infrastructure upgrade works, by widening the adjacent street and refitting out the public transit station in the area.




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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