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February 3, 2023

ParkLake reached 94pc of total GLA for its September opening

+ A EUR180 million investment confirming high occupancy for September 2016 opening + Over 200 shops on 70,000 mp GLA, with 23 restaurants, leisure areas and a 14-screen Cinema


ParkLake, a Sonae Sierra and Caelum Development Joint venture project, announces the opening for September 2016 with further tenant agreements reaching over 94pc of its Gross Leasable Area (GLA). The new tenants range from clothing, sports equipment and toys to sports and fitness services providers.

Recent signings include Hervis Sports, the sports equipment and clothing shop that provides over 40 brands of sports equipment, ranging from own brands to well-known international ones, World Class, the wellness centre, as well as Play Park and IPB. The World Class centre will be a one of a kind wellness experience in the city, as it will offer a breath-taking view over the park and varied fitness activities, complete with its own swimming pool. Play Park is another new comer in the Romanian market consolidating ParkLake’s unique tenant-mix and the “beyond shopping” offer. Play Park will become a destination for children and parents alike, where they can find games for different ages, an events and party location, and a café. Play Park will bring new and exciting events and activities for the whole family to enjoy, being “the fun place for the whole family!” These new contracts further cement ParkLake’s vision of bringing new tenants to its flagship Romanian development.

Ingo Nissen, Sonae Sierra Managing Director, responsible for Development in Romania states: “As the date of ParkLake’s opening approaches and the development advances are noteworthy, we are glad to welcome 4 new anchor tenants to our already varied tenant-mix, increasing the presence of new brands on the local market. ParkLake visitors will surely be delighted about the new options provided, especially regarding sports and fitness.”

In addition, Caelum Development CEO, David Sharkey, comments: “The leasing success of ParkLake is once again proven by the 94 pc of GLA signed prior to the centre’s opening. We are confident that the shopping centre will provide the innovative shopping, services and leisure experience we were aiming for, as well as the perfect integration with the nearby Titan park and lake, for visitors from all over the city.”

Located in Bucharest Sector 3, ParkLake represents a EUR 180 million investment, opening doors in September 2016. The shopping centre is located in the popular District 3 area, one of the most densely populated areas of Bucharest. Close to Titan Lake and Alexandru Ioan Cuza Park, ParkLake will serve 1.5 million inhabitants in its total catchment area. The location enjoys good connections to the whole network of public transport and lies within walkable distance for people in the neighbourhood.







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