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Dan Boiangiu, Arval
Public and private investment seems to re-gain a proper focus»

Irish investors plan to open ParkLake Plaza at end-2013

The EUR 250 million commercial center to be developed in east Bucharest by Irish investment group Caelum Development should be completed at the end of 2013, with construction having started

February 2012 - From the Print Edition

Cushman & Wakefield has been appointed exclusive real estate letting agent for the commercial center’s spaces.
ParkLake Plaza will have a lettable area of 67,000 sqm, which will host a Cora hypermarket on 15,500 sqm, a Cinema City multiplex, 200 shops, an entertainment and sports area and a food court with 20 units.
The center will also have an underground parking lot with 2,300 spaces.
The preliminary construction works will be managed by Apolodor and the Greek company Edrasis – C. Psallidas. According to Cushman & Wakefield officials, Caelum will also appoint a general contractor for the rest of the works.



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