Fashion House Group opens £25m outlet centre in Bucharest
Fashion outlet developer Fashion House Group has officially opened the doors to its new €25 million outlet centre in the east of Bucharest.
The centre is the group’s second in the Romanian capital.
Spanning 12,000 square metres, Fashion House Pallady is home to 62 stores, a children’s play area and restaurants. The first phase of the scheme has created 100 new jobs. The second and final phase will commence development in 2022.
Brands with a presence at the centre include the likes of Puma, Killtec, Tom Tailor, Lee Cooper, Triumph, Otter, Sizeer, Ecco, Colin’s and US Polo Assn.
Fashion House Pallady is the seventh outlet centre developed by Fashion House Group in CEE and Russia. Designed by Romanian architects DMA, it is the first major part of a much larger retail and leisure park under development by Liebrecht & Wood Group.
Brendon O’Reilly, managing director of Fashion House Group, said: “The opening of Fashion House Outlet Centre Pallady, at a time when retail markets are struggling to recover from the impacts of the pandemic, is a significant investment by Fashion House Group in Romania’s economy. We are confident in the fundamentals of the outlet centre market and committed to meeting a growing consumer demand for quality brands at affordable prices.”
