The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Sale Of Other Goods In Specialised Stores 47.7 - Retail sale of other goods in specialised stores
3,500 jobs Number of planned job creations
Announcement Date
17 March 2016
Employment effect (start)
31 March 2016
Foreseen end date
30 September 2016
Description
ParkLake shopping center will open in September 2016, following a 180 million euro investment.This is a joint venture project of Portuguese retail centre developer Sonae Sierra and Irish real estate developer Caelum Development. According to official sources the construction is almost complete. Located in Titan neighbourhood in Bucharest, the shopping centre is expected to generate some 3,500 jobs.
Update, 4 July 2016: Construction of the ParkLake shopping centre is now complete. The opening is scheduled for 1 September 2016.
Sources
18 March 2016: Bursa.ro
17 March 2016: Wall-Street.ro
17 June 2015: mediafax.ro
4 July 2016: Wall Steet Romania
Citation
Eurofound (2016), ParkLake, Business expansion in Romania, factsheet number 86867, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/86867.
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