Sonae Sierra becomes sole owner of Bucharest shopping centre

12
Dec
2018
News - Sonae Sierra becomes sole owner of Bucharest shopping centre #Bucharest #Caelum Development #Futureal #investment #mall #retail #Romania #shopping #Sonae Sierra

by Property Forum | Investment

Portuguese group Sonae Sierra announced that it purchased the 50% stake held by its former Joint Venture partner Caelum Development in Bucharest’s ParkLake shopping centre with the intention of consolidating its presence in Romania.

The ParkLake project was developed by Caelum Development and Sonae Sierra under a 50-50 partnership. The two partners invested a total of €180 million in the 70,000 sqm project that opened in September 2016.
 
It was recently announced that Hungary’s Futureal Group had exited its €19 million mezzanine financing provided to Caelum Development for the development of ParkLake.

Bucharest Caelum Development Futureal investment mall retail Romania shopping Sonae Sierra


Latest news


New leases

  • UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
  • 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.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • 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.


Latest news

News - tbi bank backs Brașov residential scheme with €7.85 million loan
17
Jul
2026

tbi bank backs Brașov residential scheme with €7.85 million loan

by Property Forum
tbi bank is providing REDESIGN with €7.85 million in financing over 24 months to complete the first buildings in the second phase of the Stejeriș project in Brașov, located on Calea Poienii, the main road connecting Brașov and Poiana Brașov. The loan, repayable in full at maturity, will support construction of seven boutique residential buildings with 46 apartments, already at an advanced stage and expected to be completed by the end of 2026. The value of this phase is estimated at €26 million, with approximately 60% of apartments already pre-sold.
Read more >
News - There’s rising interest in PPP-driven urban regeneration
17
Jul
2026

There’s rising interest in PPP-driven urban regeneration

by Property Forum
Roxana Frăţilă, Partner, Head of Real Estate & Construction at CMS Bucharest, talked to Property Forum about the investment growth in secondary cities, the integration of renewables, and the need for robust legal frameworks to support complex urban-regeneration projects.
Read more >
News - Panattoni builds InPost logistics terminal near Toruń
16
Jul
2026

Panattoni builds InPost logistics terminal near Toruń

by Property Forum
Panattoni has commenced construction of a 16,500 sqm cross-dock logistics terminal for InPost near Toruń. Developed on a build-to-suit basis, the facility is scheduled for completion by the end of summer 2025.
Read more >


Property Forum ABOUT US

Property Forum is a leading event hub in the CEE real estate industry with over 10 years of experience. We organise conferences, business breakfasts and workshops focused on real estate, in London, Vienna, Warsaw, Budapest, Bucharest, Bratislava, Prague, Zagreb and Sofia, amongst other locations.
Please send press releases to
newsdesk AT property-forum DOT eu
MORE >

CONTACT

NEWSLETTER

 

Property Forum © 2017 – 2026 | Terms & conditions | Privacy policy