Fashion House to open second outlet centre in Bucharest in 2021

Fashion House Group, one of the largest developers in the outlet sector in Europe, is set to open its second outlet centre in Romania – Fashion House Pallady – on March 25, 2021. The new outlet centre is located in the eastern part of Bucharest, at the exit to the A2 highway.

The centre has already started taking in the first tenants. Puma is the first brand to join Fashion House Pallady and start designing the new store.  In the coming months, new brands will enter the outlet which will have a total area of​​ 13,000 sqm.

The project, worth a total of €25 million, will be developed in two stages and will include 60 shops plus restaurants and a playground for children.

The available spaces are currently 50 percent leased, according to the developer.

“The development of this new project clearly shows the growth potential of the fashion retail market, especially now that Romanians have become much more attentive to the quality-price ratio, a context that favours both outlet centres,” said Cornelia Nicolae, Retail Operations Director of the Fashion House Group.

The group also owns an outlet centre in western Bucharest, on the A1 highway – Fashion House Militari.

Fashion House Group, which is part of the real estate development group Liebrecht & wood currently has a portfolio of six outlet centres in Poland, Romania, and Russia.