Romanian developer Iulius has opened its first convenience retail project in Miroslava locality, near Iași, following an investment of around €12 million.
The project has a leasable area of approximately 7,000 sqm that has been occupied by 29 companies, with Auchan Romania as anchor retailer. The mix of tenants is dominated by national and local entrepreneurs and producers. The project includes 137 parking places, bike parking spaces and electric vehicle charging stations as well as an events hall.
”Miroslava Commune has experienced a solid development in recent years owing to the local administration and the investments drawn to this area, thus creating a strong community that now needs basic services located close to home,” says Radu Pârlea, the manager of Family Market.
A second Family Market unit will be completed this autumn in Bucium, near Iași. The project will span around 5,500 sqm and have Auchan Romania as the main tenant. The investment in both retail projects totals €23 million.