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 EUR 282 million.
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. 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.
Finalization of the works is estimated for the end of next year, at which point the value of the entire complex could reach nearly EUR 500 million.