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IULIUS obtains EUR 305 million syndicated loan to remodel Palas Iași complex
Romanian developer IULIUS announced that it secured a syndicated loan facility amounting to over EUR 305 million for its Palas Iași mixed-use complex. The financing is provided by a consortium made up of Erste Group Bank Austria, BCR,…
Irina Marica · Journalist
· Updated · 2 min read
Romanian developer IULIUS announced that it secured a syndicated loan facility amounting to over EUR 305 million for its Palas Iași mixed-use complex. The financing is provided by a consortium made up of Erste Group Bank Austria, BCR, Raiffeisen Bank Romania, and Raiffeisen Bank International Austria.
The loan will support the remodelling of Palas Iași and provide capital for other IULIUS developments currently underway.
