New shopping centre in Bucharest reaches 85 percent occupancy – EuropaProperty

The shopping centre ParkLake in eastern Bucharest has reached an occupancy rate of over 85 percent, after signing new lease contracts.

The new tenants include British fashion retailer Debenhams, which has rented an area of 5,000 sqm, and Polish group LPP, which gathers the brands Reserved, Mohito, Sin Say, House and Cropp. Famous brands such as H&M and the brands within the Inditex group, namely Bershka, Massimo Dutti, Stradivarius, Zara, Pull & Bear, Oysho, have also signed with the new mall.

The shopping centre also added among its new tenants shoe & jewellery retailers such as Geox, Il Passo, Aldo, Piazza Italia, CCC, Swarovski, Splend’or, and B&B.

The project, which is developed by Sonae Sierra and Caelum Development, will open in 2016. The investment amounted to €180 million.