The expansion of Promenada Mall in northern Bucharest is evolving into a major mixed-use project that will integrate a 4-star hotel and office spaces, following an investment of approximately \u20ac282 million. The new configuration reflects a strategic pivot by the developer, who opted to reduce the initially planned office areas in favor of the hospitality component and the expansion of the retail zone.<\/p>\n
According to Money.ro, the future 11-story building will house a business hotel with approximately 200 rooms on the 5th, 6th, and 7th floors, operated by an established international chain. Office spaces will occupy the top four floors, covering about 14,000 sqm, a significant decrease from the previously targeted 27,000 sqm threshold. The first four levels will be dedicated to the expansion of the existing shopping center, while the infrastructure will include the deepest underground parking in Romania, with 1,600 spaces arranged across seven levels.<\/p>\n
Finalization of the works is estimated for the end of next year, at which point the value of the entire complex could reach nearly \u20ac500 million, compared to the current valuation of \u20ac232 million. The Romanian market remains a central pillar for the developer, representing 35% of a global portfolio exceeding \u20ac8 billion. The project will join the real estate hub in the Floreasca-Barbu V\u0103c\u0103rescu area, consolidating the urban ecosystem formed around landmark buildings such as Sky Tower and Globalworth Tower.<\/p>\n
What is the investment value for the Promenada Mall expansion?<\/strong><\/p>\n The total investment amounts to approximately \u20ac282 million, transforming the project into a mixed-use development.<\/p>\n What facilities will the new building include?<\/strong><\/p>\n The building will house a 200-room 4-star hotel, 14,000 sqm of office space, and a 7-level underground parking lot.<\/p>\n When will the works on the new complex be completed?<\/strong><\/p>\n Project completion is estimated for the end of next year, bringing the complex’s value to \u20ac500 million.<\/p>\n","protected":false},"excerpt":{"rendered":" The expansion of Promenada Mall in northern Bucharest is evolving into a major mixed-use project that will integrate a 4-star hotel and office spaces, following an investment of approximately \u20ac282 million. The new configuration reflects a strategic pivot by the developer, who opted to reduce the initially planned office areas in favor of the hospitality…<\/p>\n","protected":false},"author":8,"featured_media":125770,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2859],"tags":[5446],"thb-sponsors":[],"class_list":["post-125744","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stirea-editiei-en","tag-nepi-rockcastle"],"article_style_override":"on","post-style":"style2","post_via":[{"title":"money.ro | 02.05","post_source_url":"https:\/\/www.money.ro"}],"post-top-image":"https:\/\/rhn.ro\/wp-content\/uploads\/2020\/02\/topstory.jpg","_links":{"self":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts\/125744","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/comments?post=125744"}],"version-history":[{"count":5,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts\/125744\/revisions"}],"predecessor-version":[{"id":125826,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts\/125744\/revisions\/125826"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/media\/125770"}],"wp:attachment":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/media?parent=125744"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/categories?post=125744"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/tags?post=125744"},{"taxonomy":"thb-sponsors","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/thb-sponsors?post=125744"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}