Developer Fashion House has opened its second outlet centre in Bucharest following an investment of €25 million. The project is located in the eastern part of the city and spans over 12,000 sqm.
More than 100 new jobs have been created through the opening of the first phase of Fashion House Pallady. The development of the second and final phase will start in 2022.
The company has a network of seven outlet centres in Central and Eastern Europe markets, and in Russia.
“We are confident in the fundamentals of the outlet centre market and committed to meeting a growing consumer demand for quality brands at affordable prices,” says Brendon O'Reilly, Managing Director, Fashion House Group.
Pallady, designed by Romanian architecture studio DMA, is the first major part of a much larger retail and leisure park under development by Liebrecht & wooD Group.
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