“At the moment, Palas is 82% complete. We are prepared to launch it in April 2012,” Dascalu said in a new release.

The overall investment earmarked for the project reaches more than EUR260 million, and launch was initially set for this fall this year.

The unit has an overall surface of 320,000 square meters, and it includes office buildings, a spa, a sports center and commercial spaces.

Construction works started in 2007.