Restructuring events
European Restructuring Monitor (ERM)
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.
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.
Eurofound (2005), Iulius Mall, Business expansion in Romania, factsheet number 62680, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62680.