Romania’s IULIUS real estate developer and Atterbury Europe have agreed to invest over half a billion euros to transform the Carbochim industrial platform in Cluj-Napolca into an assembly open to the community. The project will include cultural spaces, a park, entertainment areas, shopping and office spaces.
This project, which has been described as “the largest urban conversion investment in Romania,” has been approved by the Cluj-Napoca City Council.
Carbochim is the largest producer of professional abrasives in Romania. In the first stage of the project, IULIUS relocated the company’s factory, which occupied only 30% of the industrial platform’s 14 hecatres, to an area more suitable for industrial production, and invested seven million euros in optimizing the company’s efficiency.
According to reports, the project will preserve some buildings, including the main hall with arches and the administrative building, which will be integrated into the project and will receive cultural and support functions for local initiatives.
A performing arts center and a performance hall will also be created. In addition, the project will include spaces for outdoor events, including an open-air cinema, family-focused interactive entertainment centers, concept bookstore, and areas dedicated to sports and wellness.