This project will be used in providing financing to mobilize debt funding to two project companies established by Iulius to, respectively, build and operate two new and modern Class A office buildings in a key regional town of Iasi, Romania. The project will include two EDGE certified Class A office buildings with c. 104k sqm combined gross leasable area (GLA). Phase I (“UBC Campus”) consists of a 6-storey campus of 58k sqm of GLA, while Phase II (“UBC Palace Tower”) consists of a c. 26-storey tower building of 46k sqm of GLA. Both buildings are expected to be primarily let out to information technology and communications (IT&C) companies and also include retail space. The project footprint is 20,000 sqm for Phase I and 8,000 sqm for Phase II, including 1 km of connection roads.
Project contacts not available at the time of disclosure.
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