IULIUS MALL SUCEAVA INVESTS EUR 40 MILION IN THE EXPANSION

*the investment made by IULIUS in Suceava will thus reach EUR 110 million * Iulius Mall will have the largest retail area in the northern part of the country, exceeding 65,000 sqm, following the expansion by another 14,000 sqm * new fashion brands present for the first time in this region, restaurants with open air terraces, leisure facilities and services * in addition, the park and recreational area *expansion of the parking lot up to a total of 2,150 parking spaces





IULIUS has a presence of over 13 years in Suceava, meanwhile establishing its place as main venue for shopping, leisure, and entertainment, with more than 10 million visits per year, patrons coming from the entire region. In a continuous process of adaptation to the demands from the public and the city’s development needs, Iulius Mall Suceava succeeded to constantly bring in services and retailers long awaited in the region. Now, the project is getting expanded, continuing its mission to keep the public connected to the retail trends, having access to renowned fashion brands directly in their city, to new entertainment concepts and services that make the day-to-day life easier.


The expansion will feature a 14,000 sqm leasable area, structured as a retail park having direct access from the exterior, but connected to the mall as well. Another existing area of 10,000 sqm in Iulius Mall Suceava will be reconfigured and refitted. In total, Iulius Mall Suceava will have an area of over 65,000 sqm, strengthening its prestige position as largest and most important shopping and entertainment venue in northern Romania. Upon the expansion of Iulius Mall, Suceava will have an even more competitive presence in the indigenous retail and be in the running with cities such as Iași, Timișoara, Cluj-Napoca or Constanța.


“For 13 years now, the entire northern region of the country finds in Iulius Mall Suceava a venue for the entire family, a place where to meet, socialize, have fun, but also a place where to go shopping and find day-to-day services. Iulius Mall is a landmark for the community, and we will continue to keep it in the top of preferences, by enhancing its role in the economic and social development of the city. We further on stay close to the region’s inhabitants and continue to reply with new opportunities to the expectations of an emerging city”, declared Eduard Marcu, Shopping Center Manager Iulius Mall Suceava.





New renowned fashion brands and a park area


The expansion will supplement the attraction points featured by Iulius Mall Suceava with a new mix of international fashion brands, present for the first time in the region, drive-thru locations, stores and services accessible directly from the exterior, including premises of the local entrepreneurs and producers, but also a leisure, relaxation and promenade area, with themed restaurants and cafés, and open-air terraces. Furthermore, the project will integrate medical services as well, in individual premises.


The new development will also integrate a green and pedestrian area covering approximately 10,000 sqm, distinctive hallmark of the projects developed by IULIUS, that will bring in a nature instillation and a space for open-air events, supplementing the entertainment offer already present at Iulius Mall Suceava.





Concomitantly to the expansion, the area will benefit of an urban remodeling, whereby the entrances to the project, the pedestrian access paths, and the roadway connections are upgraded. Also contributing to the project’s accessibility, there will be almost 800 new parking spaces, that will add on to a total capacity of over 2,150 parking spots, as well as new facilities for electric, alternative and public transportation.

Currently, this initiative is in the stage of obtaining the permits for authorization. The commencement of the building works is estimated to occur in the second half of this year, and the completion of this investment will occur at the end of year 2023.


ABOUT IULIUS MALL SUCEAVA


Iulius Mall Suceava was opened in 2008, having an area of 51,500 sqm and offering a comprehensive mix of retail and entertainment: more than 200 stores, international and national brands, the largest Cinema City multiplex cinema in the northern part of the country, featuring 8 auditoriums, food court, Auchan hypermarket, seasonal skating rink, multiple options for relaxation and fun, numerous services and offices of the public institutions. The shopping and leisure venue attracts yearly approximately 10 million visitors, including from the neighboring counties and even from abroad.


As of 2017, Iulius Mall Suceava is held in a 50% - 50% proportion by the IULIUS and Atterbury Europe companies.



CONTACTS:


Anca Năsui – Leasing Manager Development – +40 726 013 139

anca.nasui@iuliusmall.com

Liliana Bejinariu – Leasing Manager Iulius Mall Suceava - +40 722 452 026

liliana.bejinariu@iuliusmall.com