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Bucharest- skyline transformation 2025: The spectacular promise

Ideas were revealed in 2020 for the largest mixed-use development in Europe, an investment upward of 2.87 billion euros…

The Romanian Chamber of Commerce and Industry and IULIUS company are proposing a vast development. Based on a unique mixed – use concept that combines artistic, cultural and social attractions with options for entrepreneurial support, the project involves the turning of the Romexpo Exhibition Center into a financial catalyst that renders major benefits for the community.

Published in an exclusive, investment destination – oriented, market tour: “Bucharest – the skyline transformation by 2025” – Read: here

Romexpo could become the only exhibition center in Europe to be fully integrated in a mixed-use project, adding to the potential for sustainable and durable evolution of the Capital. “Our constant actions are focused towards strengthening and expansion of Romexpo’s activity, that are underlying for this vast investment. We are aiming at including Romexpo into the international circuit, and we are trustful that the ancillary functions will be able to not only place us on the map of the European hot spots in the field, but also to revive Bucharest, from a social, cultural and financial perspective. A project of such significance requires the cooperation and involvement of the public and private sectors, as well as support from the authorities and the community”, stated Mihai Daraban, president of the Romanian Chamber of Commerce and Industry. The investment is estimated for a total value upward of 2.87 billion Euros and will be made in phases. “The proposed project represents the materialization of a new development vision for the entire country, one that will represent us beyond borders, and bring us closer to Europe. It is an action that exceeds anything we have built so far in terms of urban revival, and we are certain that it will become an international landmark. This development is about community, Romanian symbols and local potential.”, stated Iulian Dascălu, the president of the IULIUS company.

 A new park, traffic decongestion, urban connectivity

An emblem for the mixed-use projects developed so far by IULIUS, the park will represent here too, an anchor for the urban life of the Capital. The Romexpo Exhibition Center will open to the community by means of successive public attractions: a central park, sodded gardens, mature trees and luxuriant vegetation, walking alleys, an esplanade and plazas. The new park, which will cover 30% of the project area, will render a direct connection to the Regele Mihai I al României Park, and a green connection from Charles de Gaulle Square up to the heart of the project. The development implies large investments into new solutions for the modernization of the vehicular and pedestrian infrastructure, as well as the increase of urban connectivity. The traffic decongestion project is developed in collaboration with one of the top specialized companies in Europe and includes the creation of new vehicular roads and enlargement of certain vehicular traffic lanes, as well as bicycle lanes and facilities that add to the urban mobility. Moreover, the largest parking lot in Romania will also be developed, that will include more than 12,000 underground and above-grade parking spaces. ROMEXPO S.A is the largest organizer of fairs and exhibitions in Romania, with an experience of almost half a century. Established in 1991, IULIUS is the only developer and operator of mixed-use projects in Romania, with an operational portfolio comprising more than 300,000 sqm of retail premises and 253,000 sqm of office spaces, of which 107,000 sqm under development. The company created the IULIUS MALL nationwide network comprising four regional shopping malls (in Iaşi, Timişoara, Cluj-Napoca, and Suceava) and the Palas Iaşi and Iulius Town Timișoara mixed-use projects.

Project summary:

*revival and integration of Romexpo within the international circuit * 2.87 billion Euros phased investment * museums and multi-use event hall * a new park and green urban connections * solutions for traffic decongestion * the largest business district * over 30,000 new jobs * 12,000 parking spaces * retail and lifestyle center * facilities for local entrepreneurs

Published in an exclusive, investment destination – oriented, market tour: “Bucharest – the skyline transformation by 2025” – Read: here

Content partners:

Concept Structure | KONE | Rustler | Atenor

With the support of:

SkyTower |  Immofinanz | Speedwell | Brisk

EMS Floor | RC Europe | NIRO Group | Liziera de lac

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