Romanian businessman Iulian Dascalu, owner of Iulius Group, has started the licensing process of a mixed-use project near Romexpo in Bucharest, through the company Factory Business United held by Bogdan Mihaila, the manager of Iulius Real Estate. This will also be the group’s first development in Bucharest.
Romania's Constitutional Court has upheld the transfer of a 46-hectare land in the Romexpo area in northern Bucharest from state property to the country's Chamber of Commerce, clearing the way for a planned EUR3 billion real estate project.