Shopping centre specialist Sonae Sierra and Eastern European developer Caelum Development are starting the development of a new mall in the eastern region of the Romanian capital Bucharest.
Shopping centre specialist Sonae Sierra and Eastern European developer Caelum Development are starting the development of a new mall in the eastern region of the Romanian capital Bucharest.
The ParkLake shopping centre represents an investment of €180 mln and is scheduled to open in 2016.
ParkLake received the building permit in September 2013. The tender for the construction is under way and work on the site will start in December 2013.
ParkLake will house around 200 shops over 70,000 m2 GLA and provide 2,600 spaces of underground car parking. The centre will feature leisure and sports facilities connected with the adjoining Titan Park.
