This acquisition represents the realization of an objective of the developer from Iaşi to diversify its portfolio, with a focus on the segment of industrial production niche.
Iulius is the only Romanian developer and operator of mixed-use real estate projects and, at the same time, one of the leaders of the office market, with over 20 years experience in real estate. The company from Iasi aimed to extend the activity to other fields, more specifically to the production segment. Currently, he is the majority shareholder of Carbochim, the largest producer of professional abrasives in Romania.
"We occupy a dominant position on the Romanian real estate market and we wanted to expand our area of expertise towards production, with the same involvement and passion. Thus, we consider that the acquisition of the majority sharesof Carbochim Cluj-Napoca represents a strategic decision in our activity and, at the same time, a challenge. Carbochim has a remarkable experience in the field for over 70 years, and we believe in its capacity for development. We are convinced that combining the Carbochim know-how with the vision and experience in property management of Iulius we will achieve our common objective, to consolidate the growth strategy and to add value to the portfolio ”, said Iulian Dascălu, president of Iulius .
Iulius is a developer and operator of mixed-use projects in Romania, with an operational portfolio comprising over 300,000 sqm of retail space and 146,200 sqm of office space. (source: news.ro)