Palas Mall and Palas Shopping Street make up the commercial component of the Palas mixed-use urban ensemble. IULIUS has invested € 265 million in the Palas ensemble, a genuine city in the heart of Iași, the regional business center and the most cosmopolitan leisure destination in the east of Romania.

Palas provides a complete mix of functions including: over 270 stores, themed restaurants and cafés, the largest food court in the region, Auchan City hypermarket, six class A office buildings, five event halls, a park spanning on over 50,000 sqm and the largest underground parking facility in Romania, with approximately 2,500 parking spaces.

Palas has revitalized the downtown of Iaşi from an urbanistic, economic and social point of view, becoming a tourist attraction and a growth driver for the local community.
Palas Park comprises artesian fountains, a music pavilion, a Venetian carousel and archeological vestiges, creating a splendid belvedere of the Palace of Culture.
Palas attracts over 16.6 million visitors every year, both from within the country and from abroad.