Location of affected unit(s):
Wholesale and retail trade; repair of motor vehicles and motorcycles
47.7 - Retail sale of other goods in specialised stores
Sonae Sierra & Caelum Development
Type of Restructuring:
Employment Effect Start:
Foreseen End Date:
Planned Job Creation:
ParkLake shopping center will open in September 2016, following a 180 million euro investment.This is a joint venture project of Portuguese retail centre developer Sonae Sierra and Irish real estate developer Caelum Development. According to official sources the construction is almost complete. Located in Titan neighbourhood in Bucharest, the shopping centre is expected to generate some 3,500 jobs.
Update, 4 July 2016: Construction of the ParkLake shopping centre is now complete. The opening is scheduled for 1 September 2016.
04-07-2016Wall Steet Romania