European shopping centre specialist Sonae Sierra has opened the 200-shop ParkLake centre in the Romanian capital Bucharest.

sonae sierra opens parklake in bucharest

Sonae Sierra Opens Parklake in Bucharest

The €180 mln investment by Sonae Sierra and Caelum Development in the Titan district of Bucharest comprises more than 200 shops and creates 2,000 new direct jobs with its opening. Over 97% of ParkLake's gross lettable area of 70,000 m2 is occupied with the remaining space under advanced negotiations.

'ParkLake is set to become the place in town where you can go shopping and eat, but also relax, enjoy a walk, practice sport and watch live shows; and all of this linked to the amazing Titan Park. We wanted to come with a new perspective on shopping and leisure activities in Bucharest and from tomorrow on, everyone can sense the new ParkLake experience,' said Ingo Nissen, managing director of Sonae Sierra, responsible for development in Romania.

The shopping centre introduces new brands to the Romanian market such as Forever 21, Play Park, Lanidor, Lynne and 4F. ParkLake will also host a 14-screen Multiplex Cinema operated by Cinema City, and other main anchor tenants include H&M, all Inditex brands in Romania - Zara, Massimo Dutti, Zara Home, Oysho, Bershka, Stradivarius and Pull & Bear - as well as Debenhams and Koton.

The centre also features 2,450 parking spaces and can be directly accessed by all major means of public transportation and by the connection to the city's bicycle tracks.

Sonae Sierra said that the centre is themed around 'Park – Nature – Family', 'offering to visitors an innovative shopping experience while, at the same time matching modern visitors’ service and comfort demands like friendly parking, resting areas, light-flooded mall with entertainment and environmentally friendly ambience'.