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GERHARD REIWEGER, AMBASSADOR OF AUSTRIA IN ROMANIA
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Palas Mall in Iasi opens today, as the largest private investment in Eastern Romania

2012-05-31 11:06:38

Palas Iasi, the most recent project and largest, worth EUR 260 million, of the group managed by Romanian businessman Iulian Dascalu, opens its gates today, with its location facing the Palace of Culture in Iasi.  The shopping and leisure compound delivers a rentable area of 47,500 sqm  and has 132 shops, a 1,300- places food court, cinema complex  Village Cinemas  with 10 halls including a Vmax. The complex comprises also Palas Shopping Street, with 6,600 sqm, hosting national and international high awareness brands. Also, Iulian Dascalu, has invested EUR 2.5 million in the public garden Palas. The retail anchor of the complex is Auchan. According to the developer’s statement, Palas projects states a first in Eastern Romania, as the largest amount invested in a private project .  Also, the shopping and entertainment compound hosts the first franchise opened by the Italian coffee shop chain C House. Besides the commercial  and leisure spaces, the project also comprises office and residential buildings to be developed within this multifunctional project. 



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