The Romanian developer Iulius and its partner Atterbury Europe has secured a financing deal worth €410M for its national network of shopping centres in four Romanian centres.
The newly acquired loan is to be used to refinance the shopping malls in Iași, Cluj-Napoca, Suceava and Timișoara, while also supporting the long-term investment plans of the company.
“The new loan aims to implement the corporate objectives of the company’s development strategy,” said Marius Perșenea, Chief Operating Officer of Iulius.
Iulius has a development pipeline of around €650M and includes a large mixed-use scheme in Cluj-Napoca as well as office and retail projects in Iași and Suceava.
