Construction was started one month ago, with excavation and preliminary foundation works performed by Romanian Apolodor and Greek Edrasis-C. Psallidas.
ParkLake Plaza will have a rentable surface of some 67,000 square meters, including 15,500 rented by the unit’s anchor, hypermarket Cora.
In addition, the mall will have an underground parking lot with 2,300 spots and a 16-screen multiplex cinema, operated by Cinema City.
“So far, we have signed contracts and pre-letting contracts for approximately 50% of the available space and we are in advanced process of negotiations for another 20% of the total letting area,” said Cristina Dumitrache, Associate, Head of Retail Shopping Centers, Cushman & Wakefield
Caelum Development was founded in 2002 by private investors and it is mainly active in Poland and Romania.