Fashion House Pallady in Bucharest is 70% let and close to open

29
Jan
2021
News - Fashion House Pallady in Bucharest is 70% let and close to open #Fashion House #outlet #retail #Romania

by Property Forum | Retail

Fashion House, part of  Liebrecht & wooD Group, announced that the new outlet from Bucharest is 70% leased and will open on March 25thh.


Developed in two phases with a €25 million investment, the new commercial center will have over 12,000 sqm and will accommodate over 60 stores, a children’s play area, restaurants, and over 300 free car parking spaces for visitors. All stores will have separate entrances and the landscape will be carefully designed to mirror the ambiance of the historical old town Bucharest.

Despite the difficulties of 2020, we have continued with the construction of Fashion House Pallady as planned and will respond to the needs of the consumer for brand and value. We are confident of success and the future opportunities on the horizon”, said Brendon O'Reilly, managing director, Fashion House Group.

Fashion House Pallady is the seventh outlet centre developed by Fashion House Grooup in CEE and Russia, and the second to open in the Romanian capital. The first Centre, which opened over 12 years ago in 2008, is located on the western side of Bucharest, in Militari.




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New leases

  • IAG GBS Poland, the shared services arm of the International Airlines Group (IAG), has finalised a lease renewal for 2,246 sqm of office space within the O3 Business Campus in Krakow. The decision to remain in the current location followed a comprehensive market analysis and workplace audit conducted by Savills.
  • Golden Star Estate has secured two ground-floor tenants at its Warsaw-based Konstruktorska Business Center. 5 SENSES has signed as the new canteen operator, occupying 560 sqm of ground-floor retail space. Concurrently, CONTRACT Meble Biurowe has extended its commitment to the property. The firm, which has operated a publicly accessible showroom at the site since 2021, renewed its lease for 350 sqm on the ground floor.
  • American retailer GAP entered the Romanian market at Fashion House Militari, followed by the launch of an Italian Stefanel store at Fashion House Pallady, with a further Stefanel location scheduled to open shortly in Militari.

New appointments

  • Avison Young has strengthened its Polish leadership with three senior promotions. Patryk Błach ascends to Associate Director within the Investment Advisory Department. Kamil Głowienka has been named Senior Project Manager. Furthermore, Katarzyna Uzar becomes a Valuation and Innovation Specialist, tasked with integrating technological solutions and coordinating global departmental projects.
  • Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.
  • Czech investment group SCF has expanded its team by appointing Jan Simandl as Senior Leasing Team Leader. In this role, Simandl will oversee leasing activities across the company’s commercial property portfolio. He previously worked for CPI Property Group and CBRE.


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