Caelum Development starts works on ParkLake Plaza in Bucharest
The project, for which construction is expected to last for two and half years, comprises of a gross leasable area of 67,000 sqm hosting 200 retail units.
ParkLake Plaza will create more than 3,000 jobs during peak construction and a further 2,500 jobs in the centre after opening, according to the developer.
The center will include a Cinema City movieplex with 16 screens, a Pure Fitness Center and outdoor tennis courts, a Cora hypermarket and other international and local retailers.
Caelum operates within East-Central Europe, having its headquarter in Warsaw, Poland. The company’s portfolio includes a total of 19 retail schemes located all over Poland. ParkLake Plaza is the company’s first project based in Romania. Caelum Development is owned by the Sharkey family.
Corina Saceanu, corina@romania-insider.com