Sonae Sierra and Caelum Development, the companies developing the Titan mall project, ParkLake, intend to access a loan of approximately 80 million euros from OTP Bank Hungary, Hypo Noe Gruppe Bank Austria, and OTP Bank Romania.
The amount will be used to complete the ParkLake shopping center, which involved an investment of about 180 million euros. The Titan mall will have an area of 70,000 square meters and will create 2,000 new jobs after its inauguration.
The largest tenant of ParkLake will be Carrefour, which will occupy approximately 30% of the space. Other major tenants include Inditex (Zara, Bershka, Massimo Dutti, Stradivarius, Pull&Bear, Zara Home, Oysho), H&M, Maxbet, Aldo, Altex, Lee Cooper, or Kenvelo.
Source: Imobiliare.Net
Frequently Asked Questions
Who are the developers of ParkLake?
Sonae Sierra and Caelum Development are the companies behind the project.
What is the total investment for ParkLake?
The total investment for the shopping center is approximately 180 million euros.
Which banks are providing the €80 million loan?
The loan is being provided by OTP Bank (Hungary and Romania) and Hypo Noe Gruppe Bank (Austria).