ParkLake shopping center 85% already rented before opening

The two developers, Sonae Sierra and Caelum have rented 85% of the ParkLake shopping center which is in an advanced stage of construction in the Titan district of Bucharest. The mall could be open before Easter.

parklake-entrance-465x215The two partners recently signed a lease agreement with Debenhams, which will have a 5,000 sq m store in ParkLake, and LPP group, which owns brands Reserved, Mohito, Sin Say, House and Cropp.

To these retailers are added tenants such as H & M already known and brands of Inditex (Bershka, Massimo Dutti, Stradivarius, Zara, Pull & Bear Zara Home, Oysho) and Koton. Other brands include Claire’s, Springfield, Lee Cooper, KVL and TimeOut, Geox, Il Passo, Aldo, Piazza Italia, CCC, Swarovski, Splend’or, B & B, Douglas, Sephora, Yves Rocher, Kendra, Altex Arsis, MaxiToys and Cărtureşti .

Regarding the coffee shops and restaurants are already signed contracts with Brioche Doree, Coffee Republic, Filicori, Gloria Jean‘s Coffees, Fior di Latte, Food, Wu Xing, KGrill, Oro Toro (by OSHO), Bistrot du Paris, Rustic, Chopstix , SaladBox and Zaraza.

ParkLake cost of development was estimated by the two partners to 180 mil. Euro and will have a final leasable area of 70,000 square meters, comparable to the AFI Palace Cotroceni or Mega Mall. Last autumn, the French retailer Carrefour has bought 12,000 square meters of ParkLake, space that will be used to open a hypermarket.

Source: Capital


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