Former Oil Terminal platform in Constanța turned into an urban center under EUR 800 mln plan
<p>Developer Iulius Real Estate plans to redevelop the former Oil Terminal platform in Constanțan into a modern urban center under a EUR 800 million investment project. The site will be fully decontaminated and reintegrated into the city, creating a mixed-use development, <a href="https://www.profit.ro/povesti-cu-profit/real-estate-constructii/foto-fosta-platforma-oil-terminal-transformata-in-centru-urban-cu-gradina-botanica-aqua-park-cafenele-si-restaurante-investitie-de-peste-800-milioane-euro-ce-va-fi-cu-gara-constanta-21913400?mc_cid=6f7139a769&amp;mc_eid=cd1f92f96c" rel="noopener" target="_blank">Profit.ro</a> reported.</p>

<p>In 2023, state-owned Oil Terminal, the operator of the Constanța port oil terminal, signed a partnership with Iulius Real Estate, controlled by businessman Iulian Dascălu, to develop a 38-hectare plot on the North Platform of the terminal.</p>

<p>The project includes an expansion of the Palas Iași mixed-use complex, increasing the retail area to 80,000 sqm of rentable space.</p>

<p>The new development will feature a diverse mix of functions, including offices, retail, entertainment, education, culture, a retail park, a botanical garden, public facilities, an aqua park, cafés, restaurants, and a fresh market.</p>

<p>This large-scale investment is expected to revitalize the area, transforming a former industrial site into a vibrant urban destination.</p>

<p><em>iulian@romania-insider.com</em></p>

<p><em>(Photo source: <a href="https://www.dreamstime.com" rel="noopener" target="_blank">Tsyhun/Dreamstime.com</a>)</em></p>