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

  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.
  • Yareal Polska has expanded the commercial offering at its flagship SOHO mixed-use development in Warsaw’s Praga-Południe district, securing three new lease agreements totaling nearly 500 sqm of ground-floor retail space. The developer has strengthened its tenant roster by signing pet supplies retailer Maxi Zoo, ceramics workshop Alike Pottery Studio, and coffee distributor Unroasted.

New appointments

  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.
  • BNP Paribas Real Estate Poland has expanded its Industrial and Logistics Agency team with the appointments of Joanna Choromańska, formerly of JLL, and Bartosz Wilczyński, previously with CBRE. The new hires bring a combined 34 years of experience in sector sales, lease negotiations, and build-to-suit project delivery to support the division's ongoing growth.


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