ParkLake, a Sonae Sierra and Caelum Development Joint venture project, located in Sector 3 of Bucharest, represents €180 mln in investment and will open doors in 2016.
Construction is under way, with structural works well advanced and the opening set for 2016. ParkLake will have between 500 and 2,000 workers on site along the different phases of development and it will additionally create approximately 2,000 new direct jobs after the opening of the centre.
ParkLake has so far signed and/or committed over 80% of the GLA. The shopping centre will offer high quality retail on 70,000 m² GLA with more than 200 shops and 2,600 spaces of underground car parking. ParkLake shopping center is located in a privileged location, in District 3, one of the densest populated areas of Bucharest.
Bordering Titan Lake and adjacent to the IOR Park, ParkLake will serve 1.5 million inhabitants. The location enjoys good connections to the whole network of public transport and it is within walkable distance for people in the neighbourhood.
ParkLake has signed contracts with Zara, Bershka, Massimo Dutti, Stradivarius, Pull & Bear, Zara Home and Oysho, all of them belonging to the Spanish Inditex Group, as well as H&M, Koton, Maxitoys, and Maxbet.
Source: Sonae Sierra