Real Estate Guide - The local real estate industry is increasingly focused on the sustainable development and operation of property assets in the commercial and residential
Iulius Company opened Palas Campus in Iasi, eastern Romania, on April 25 - an urban regeneration project promoted as the largest office building in Romania. The investment amounted to over EUR 120 million, being the largest private investment in Iasi in the last decade, the developer said. In.
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IFC, member of the World Bank Group, provides Palas Campus Iasi funding of approximately 72 million euros for the construction and operation of an energy-efficient office building, which will be used by companies in the IT&C field, IFC announced in a press release sent to AGERPRES on Tuesday.
This is the first green loan granted by IFC to a Romanian company based in Romania. Iulius Holding is a local developer of real estate projects with multiple purposes, holding a diverse portfolio of properties throughout Romania.
The building will be one of the largest office compounds in the country and is part of IFC s extensive effort to contribute to the construction of an environmentally friendly business infrastructure, which will attract foreign investment and facilitate the diversification of the Romanian economy.