FASHION HOUSE Outlet Centre Pallady in Bucharest opening in summer 2021
The newest edition to the FASHION HOUSE Group portfolio, FASHION HOUSE Outlet Centre Pallady in Bucharest will open in summer 2021. Situated near the A2 highway, the second outlet centre in the Romanian capital has direct access from the autoroute in a key location attracting a catchment area of over three million people.
The second FASHION HOUSE Outlet Centre in Bucharest, Pallady is being developed in two phases. Phase one will open with 8,700 sqm this summer and the remaining 4,000 sqm will follow at a later date.
Costing €25 million, FASHION HOUSE Outlet Centre Pallady will accommodate over 60 stores, and will have restaurants and a children’s play area. The Centre is already over 70 per cent let and will offer customers top-quality international brands with discounts up to 70 per cent, every day, all year round.
Brendon O’Reilly, managing director, FASHION HOUSE Group, said: “For the last 12 years, the FASHION HOUSE Outlet Centre Militari has been strengthening the outlet business model by offering massive discounts every day to its customers, and FASHION HOUSE Pallady will support this growing demand for this shopping experience. The quality of tenant mix and high service standard together with location will attract both Bucharest residents and visitors, and we are confident that FASHION HOUSE Pallady has great growth potential and will quickly become a smart shopping destination on the commercial map of the city”.
Cornelia Nicolae, retail operations director at FASHION HOUSE in Romania added: “Our new flagship development clearly demonstrates the growth potential of the fashion retail market, especially now when Romanians have become more sensitive to the quality/price ratio, a context that offers great opportunity for both our outlets. We believe that FASHION HOUSE Pallady will be an asset in our drive to innovate the future of the shopping experience”.
The new outlet centre will comprise open-air gallerias – a unique feature – with the shopping alleys inspired by a Belle Epoque style of Bucharest’s old city.