ParkLake gets a commendation for the Best Large European Shopping Centre at the ICSC Awards


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ParkLake, a Sonae Sierra and Caelum Development joint venture project, has recently received a commendation from the International Council of Shopping Centres (ICSC) for the best centre in the category “New Developments: Large”, at the 2018 ICSC European Shopping Centre Awards.

The highly regarded ICSC commendation recognises the outstanding quality of ParkLake’s retail space of 70,000m2, with more than 200 shops, including 23 restaurants, a multiplex cinema and underground parking for up to 2,450 cars. Opened in September 2016, with an investment of €180 million, ParkLake serves a catchment area of over 1.4 million inhabitants.

We are very proud to receive a commendation for best large development at the ICSC annual conference. This confirms that ParkLake is truly more than just a shopping destination, but also an excellent place to either work or study, for entertainment, sports or social meetings, and where visitors can choose from a variety of different experiences and services, showing consideration and respect to the community and its surroundings,” said Fernando Guedes de Oliveira, Sonae Sierra CEO.

We consider the commendation for best large development is a top recognition for our work done at ParkLake. Our efforts to go beyond shopping and offer a unique space connecting the people and park, are now appreciated at highest level and giving us the confidence to continue to do what we do best: Making ParkLake the top destination for shopping, services and above all leisure,” said in his turn David Sharkey, Caelum Development CEO.ParkLake is a project founded on the concept of Innovative Retail Next Generation Architecture, based on a space that links with the park area, where winter and summer leisure activities, sports and event entertainment can be enjoyed all year round.

As an extension of Titan park, ParkLake has created an additional park area of 22,000m2, with over 250 more trees, which now hosts the outdoor leisure, greenery, entertainment and sports events in Bucharest.

ICSC is the largest global association in the shopping centre industry, with more than 70 thousand members in 100 countries. The ICSC European Shopping Centre Awards are presented at the association’s Annual European Conference, which took place in Barcelona this year. They are the most prestigious awards of the shopping centre sector and, every year, a jury composed of renowned international specialists select the industry’s best developments in Europe.

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