Profile picture for user iuliane
Iulian Ernst
Senior Editor

Iulian studied physics at the University of Bucharest, and he sees himself as a physicist in the broadest sense of the word. He also studied economics at Charles University in Prague and Central European University in Budapest, after a master’s program in business administration at Bucharest Academy of Economic Studies. Since recently, he’s been exploring coding and data analysis for business and economics. As a freelancer, he worked for nearly two decades as an analyst for ISI Emerging Markets, Euromonitor International, Business New Europe, but also as a consultant for OMV Petrom and UkrAgroConsult. Iulian was part of the founding team of Ziarul Financiar. At Romania Insider, which he joined in 2018, he is reviewing the latest economic developments for the premium bulletins and newsletters. He would gladly discuss topics such as macroeconomics, emerging markets, Prague, energy sector including renewable, Led Zeppelin, financial services, as well as tech start-ups and innovative technologies. Email him at [email protected] 

 

Clash of the real estate titans: NEPI Rockcastle wants fair auction for Romexpo project in central Bucharest

South African investment fund NEPI Rockcastle, the biggest mall owner in Romania, said that the Romanian state does not need to give the land around the Romexpo exposition center for free to a private entity.

The fund suggests a public auction instead. NEPI is willing to pay for the 46 hectares of land around Romexpo, or for the right to develop the land.

___STEADY_PAYWALL___

The statement came on September 3, a day after the Chamber of Deputies passed a controversial bill allowing the transfer of the land around Romexpo, for free, to Romania's Chamber of Commerce (CCIR) - actually to a company 90% controlled by CCIR (Romexpo). The bill, drafted by the party of former president and Bucharest mayor Traian Basescu - PMP, was backed by the Social Democrats (PSD) and Liberals (PNL).

NEPI said that it is ready to attend a public auction for the selection of the investor that would develop the real estate project on this plot of land.

CCIR, which is an NGO, announced at the end of last year plans to develop a EUR 2.9 bln real estate project on this land in partnership with local developer Iulius, a company controlled by Romanian businessman Iulian Dascalu. It explained that it would derive incomes from the real estate project developed with Iulius and promised to use it to the benefit of all Romanian companies.

Iulian Dascalu is the biggest Romanian real estate developer. He has developed the Palas Iasi and Iulius Town Timisoara mixed-use projects, and standalone malls in Iasi, Cluj-Napoca, and Suceava.

NEPI Rockcastle has been investing in Romania for more than 13 years and has a portfolio of over 20 complex real estate projects throughout the country, estimated at EUR 2 billion.

[email protected]

(Photo source: Mihai Olaru/Dreamstime.com)

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Profile picture for user iuliane
Iulian Ernst
Senior Editor

Iulian studied physics at the University of Bucharest, and he sees himself as a physicist in the broadest sense of the word. He also studied economics at Charles University in Prague and Central European University in Budapest, after a master’s program in business administration at Bucharest Academy of Economic Studies. Since recently, he’s been exploring coding and data analysis for business and economics. As a freelancer, he worked for nearly two decades as an analyst for ISI Emerging Markets, Euromonitor International, Business New Europe, but also as a consultant for OMV Petrom and UkrAgroConsult. Iulian was part of the founding team of Ziarul Financiar. At Romania Insider, which he joined in 2018, he is reviewing the latest economic developments for the premium bulletins and newsletters. He would gladly discuss topics such as macroeconomics, emerging markets, Prague, energy sector including renewable, Led Zeppelin, financial services, as well as tech start-ups and innovative technologies. Email him at [email protected] 

 

Clash of the real estate titans: NEPI Rockcastle wants fair auction for Romexpo project in central Bucharest

South African investment fund NEPI Rockcastle, the biggest mall owner in Romania, said that the Romanian state does not need to give the land around the Romexpo exposition center for free to a private entity.

The fund suggests a public auction instead. NEPI is willing to pay for the 46 hectares of land around Romexpo, or for the right to develop the land.

___STEADY_PAYWALL___

The statement came on September 3, a day after the Chamber of Deputies passed a controversial bill allowing the transfer of the land around Romexpo, for free, to Romania's Chamber of Commerce (CCIR) - actually to a company 90% controlled by CCIR (Romexpo). The bill, drafted by the party of former president and Bucharest mayor Traian Basescu - PMP, was backed by the Social Democrats (PSD) and Liberals (PNL).

NEPI said that it is ready to attend a public auction for the selection of the investor that would develop the real estate project on this plot of land.

CCIR, which is an NGO, announced at the end of last year plans to develop a EUR 2.9 bln real estate project on this land in partnership with local developer Iulius, a company controlled by Romanian businessman Iulian Dascalu. It explained that it would derive incomes from the real estate project developed with Iulius and promised to use it to the benefit of all Romanian companies.

Iulian Dascalu is the biggest Romanian real estate developer. He has developed the Palas Iasi and Iulius Town Timisoara mixed-use projects, and standalone malls in Iasi, Cluj-Napoca, and Suceava.

NEPI Rockcastle has been investing in Romania for more than 13 years and has a portfolio of over 20 complex real estate projects throughout the country, estimated at EUR 2 billion.

[email protected]

(Photo source: Mihai Olaru/Dreamstime.com)

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