The developer has appointed the companies Apolodor and Edrasis-C. Psallidas to perform excavation and preliminary works.
Next, a general contractor will be appointed, to take over and continue works on the project, according to Caelum.
Construction is set to take two years. Upon completion, the unit will include some 200 stores on a rentable surface of 67,000 square meters.
The company has entered the Romanian market in 2006, after buying an 8.2-hectare plot in Bucharest.
ParkLake Plaza is the first project developed by Caelum in Romania. The company has another 19 projects, all in Poland.