The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Sale In Non-Specialised Stores 47.11 - Retail sale in non-specialised stores with food, beverages or tobacco predominating
2,000 jobs Number of planned job creations
Announcement Date
25 October 2005
Employment effect (start)
22 October 2005
Foreseen end date
Description
A shopping mall, designed and financed by Iulius Group was opened on 22 October 2005 in Timişoara (Timiş county, Vest region). Iulius Group president, Adrian Dascalu, said the supermarket, covering 73,000 square metres, is bigger than similar shopping centres in Bucharest and other cities in Romania.
The demand of sale space exceeds the offer by 60%, with the hiring price ranging between 17 and €28 per square metre.
Iulius Mall Timişoara offered 2,000 jobs in its 200 stores.
The mall has three storeys and a terrace, hosting a banking centre, a hotel, a conference centre, a clinic, an exhibition centre, a supermarket, restaurants offering Romanian, Italian and Japanese cuisine, five cinema halls, a swimming pool, a skating rink, and a parking lot for more than 1,000 cars, free of charge.
Sources
26 December 2005: Economistul
25 October 2005: Economistul
Citation
Eurofound (2005), Iulius Mall, Business expansion in Romania, factsheet number 62680, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62680.
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