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ParkLake Plaza

Location: 4 Liviu Rebreanu Street, 3rd District, Bucharest, Romania

ParkLake Plaza is set to become one of Eastern Europe’s most prestigious and sought-after retail locations.

Sector
Retail
Location(s)
Romania

ParkLake Plaza is set to become one of Eastern Europe’s most prestigious and sought-after retail locations. Situated in the heart of Bucharest, serving the local community with the most diverse retail, leisure and entertainment offerings, ParkLake Plaza will become the hub of community life for the Titan district of Bucharest.

The location of ParkLake Plaza with its highly developed transport infrastructure, including Metro and Tram lines, makes it one of the most accessible retail settings in Bucharest.

The project is due for completion towards the end of 2015, and although the project is not full yet, ParkLake Plaza already has many of the world’s biggest and best-known brands secured in leases. 

Project ParkLake Plaza
GLA 70,000 sq. m
Retail units 200
Completion Q4 2015
Total investment EUR 180 mln
Major tenants Cora, Flanco, H&M, Douglas, Zara, and Mango
Developers Sonae Sierra and Caelum Development
Sonae Sierra
October 08, 2016 - Sonae Sierra is the international shopping centre specialist, passionate about creating innovative shopping... read more
ParkLake Mall Opening Postponed to Autumn 2016
February 26, 2016, 10:57, (Property Xpress) - The opening of ParkLake shopping mall, being developed in partnership between Sonae Sierra and Caelum ...   read more
ParkLake Mall Opening Moved to Autumn 2016
December 08, 2015, 12:17, (Property Xpress) - The opening of ParkLake shopping mall in the Bucharest Titan area has been moved to autumn 2016. ParkLake ...   read more
Fashion Retailers Inditex and H&M to Open Stores at ParkLake Mall
January 19, 2015, 16:30, (Property Xpress) - Retailers Inditex, H&M, Koton and Maxitoys will open stores at ParkLake shopping center, being developed by ...   read more
Strabag to Build ParkLake Shopping Center
December 16, 2014, 7:58, (Property Xpress) - ParkLake shopping center developers Sonae Sierra and Caelum Development have selected Austrian company Strabag ...   read more
Strabag Named Likely Builder for ParkLake Plaza Mall
November 28, 2014, 10:31, (Property Xpress) - Austrian Strabag Group, which has built Promenada Mall in Bucharest, is the main favorite to win the ...   read more
Carrefour Joins ParkLake Plaza Shopping Project in Bucharest
September 18, 2014, 11:22, (Property Xpress) - French retailer Carrefour has purchased 12,000 sq. m of space at ParkLake Plaza shopping center, thus becoming ...   read more
ParkLake Plaza to Open in 2016
March 26, 2014, 9:02, (Property Xpress) - ParkLake Plaza shopping mall, being developed by Sonae Sierra and Caelum Development near IOR Park in eastern ...   read more
Seven Retail Projects under Development in Bucharest
March 05, 2014, 8:43, (Property Xpress) - Seven retail projects, currently under development in the Romanian capital, will add 200,000 sq. m of space to ...   read more
Sonae Sierra Starts Work on EUR 180 mln Mall in Romania
January 20, 2014, 10:28, (Property Xpress) - Portuguese shopping center developer Sonae Sierra and Irish Caelum Development have begun excavations for ...   read more
ParkLake Construction Starts in December
November 05, 2013, 11:36, (Property Xpress) - Sonae Sierra and Caelum Development today announced the start of their EUR 180 mln shopping project in the ...   read more
Sonae Sierra to Start Construction of Romanian Mall Project
May 02, 2013, 7:58, (Property Xpress) - Portuguese shopping center specialist Sonae Sierra received EUR 1.5 mln last year from renting its River Mall ...   read more
ParkLake Plaza Concept Changed
October 16, 2012, 10:48, (Property Xpress) - Portuguese Sonae Sierra and Irish Caelum Development have changed the concept of their ParkLake Plaza Mall for ...   read more
Shopping Mall Construction Starts in Romania
October 25, 2011, 10:52, (Property Xpress) - Irish investment group Caelum Development has begun construction of its ParkLake Plaza shopping mall in the ...   read more
Shopping Mall Construction to Start in Romania
August 05, 2011, 10:02, (Property Xpress) - Construction of a Bucharest shopping mall will be launched this autumn after a three-year delay. Currently, ...   read more
Caelum Development to Start Bucharest Project in 2011
February 16, 2011, 12:01, (Property Xpress) - Warsaw-headquartered Caelum Development will begin construction of its ParkLake Plaza project in the Bucharest ...   read more
H&M in Negotiations for Store Opening in Bucharest ParkLake Plaza
June 18, 2010, 12:46, (Property Xpress) - Swedish fashion retailer H&M (Hennes&Mauritz) is negotiating to rent space at ParkLake Plaza in Bucharest, ...   read more
Construction on Four Large Schemes Halted in Bucharest, Romania
February 08, 2010, 13:53, (Property Xpress) - Construction on Colosseum Center, Dambovita Center and ParkLake Plaza shopping malls in Bucharest, Romania ...   read more
Cora Leases 8,000 sq. m in Romanian Regional Mall
November 26, 2009, 8:05, (Property Xpress) - Cora hypermarket network, owned by Louis Delhaize group, has signed a contract to rent 8,000 sq. m at Gold ...   read more
EUR 900 mln Mall Openings in Romania Put on Hold
February 23, 2009, 10:07, (Property Xpress) - A foreign developer said it has reconsidered its program to open three shopping centers in Ploiesti, Craiova ...   read more
Sonae Sierra in Talks on Property Acquisitions in Romania
December 17, 2008, 9:37, (Property Xpress) - Portuguese developer and shopping mall operator Sonae Sierra, owner of River Plaza Mall in Ramnicu Valcea, ...   read more
ParkLake Plaza in Bucharest, Romania 40 pct Pre-let
November 21, 2008, 9:48, (Property Xpress) - The development firm, headed by David Sharkey, has reached around 40 pct pre-letting for its large-scale ...   read more
New ZUP Forbidden for ParkLake Plaza in Bucharest
September 16, 2008, 7:16, (Property Xpress) - Real estate project ‘ParkLake Plaza’, to include the largest mall in Bucharest, was refused a request to ...   read more
Sonae Sierra Announces EUR 1.5 mln H1 Revenues in Romania
August 15, 2008, 12:07, (Property Xpress) - Real estate developer Sonae Sierra registered EUR 1.5 mln revenues in the first half of this year from leasing ...   read more
EUR 600 mln. Retail Center Planned for Bucharest
July 01, 2008, 9:29, (Property Xpress) - Caelum Development and Sonae Sierra intend to develop a large scale retail center in the eastern part of ...   read more
JV Founded for ParkLake Plaza in Bucharest
April 02, 2008, 13:35, (Property Xpress) - Sonae Sierra, the international shopping and leisure center specialist, owns 47 malls in Portugal, Spain, ...   read more
Chapman Taylor Romania Expects EUR 8 mln Turnover for 2008
March 10, 2008, 11:39, (Property Xpress) - Romanian branch of the British architectural bureau Chapman Taylor intends to reach EUR 8 mln turnover for the ...   read more
Caelum to Develop Mall Project in Bucharest Suburb Titan
October 01, 2007, 11:35, (Property Xpress) - Caelum Development, an Irish controlled company, will allocate approximately EUR 600 mln for their first ...   read more
ParkLake, opening in 2016, advances in Leasing and confirms the conclusion of Project Financing
October 23, 2015, 10:40, (Property Xpress) - ParkLake, a Sonae Sierra and Caelum Development Joint venture project, has signed further tenant agreements ...   read more
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