The word "Caelum" contains an emotional tribute, vital for its founders and stands for one of the constellations in the Southern hemisphere sky.
Caelum Development is an Investment Group which was established in 2002 by a group of private Irish investors, experienced in the real estate market. Caelum, with its headquarters in Warsaw, operates in Central-Eastern Europe, specifically in Poland and Romania.
In Bucharest, Caelum Development currently leads the newest investment - ParkLake Shopping Center with over 70 000 sqm of GLA. Click here for more information about ParkLake.
President Caelum Development
As a qualified chartered accountant, early in his career David's talent was recognised by leading Irish companies, where he quickly climbed the corporate ladder into senior roles in finance.
His passion for property saw him headhunted by one of the leading Irish property developers at the time where he had overall responsibility for the group's finances as well as being intricately involved in all the group's transactions.
In early 2000, David liquidated his own personal portfolio in Ireland and the UK based on his strong views that the markets had peaked. He researched other European markets and had the vision to enter the Polish market in 2001 to invest his funds long before institutional capital. David's entrepreneurial skills and intuition resulted in impressive track record of acquisition and disposals, that set the benchmark in Poland before institutional capital was ready to invest in the Polish market.
David is a highly recognised and regarded expert on the Polish property market overseeing one of the fastest growing real estate companies that entered the market in 2002 with award winning shopping centre developments. David qualified with an economics degree from university college Dublin and qualified as a chartered accountant while employed by KPMG.
Vice-President Caelum Development
Derek is the Vice President of Caelum Development and is also an executive board member of ParkLake Shopping SA - our primary joint venture company with Sonae Sierra.
Derek graduated from University College Dublin with an Honours Bachelor of Commerce Degree and subsequently became a member of the Institute of chartered accountants in 1990.
Derek practiced in leading worldwide accountancy practice Grant Thornton specializing in Corporate Finance before a high profile career in senior Finance Positions in industry - the most recent until 2004. Was Group Financial Controller of Fyffes plc Irish retail Operations (Fyffes is one of the largest Fruit Distributors worldwide).
On entering the Polish Real Estate market as a senior board member Derek played a key role in expanding the business over the last twelve years and was responsible for the establishment and supervision of an in house specialized Finance and Legal team.
His business and commercial acumen, underpinned by his own Financial expertise, helped complete numerous transactions and create significant shareholder value.
Group Transaction Funding Director
Country Manager France
ParkLake is a uniquely modern shopping complex designed with an outstanding architectural concept surrounded by an inviting natural environment as it is located very close to Titan park and lake.
ParkLake offers excellent shopping opportunities and leisure facilities:
- We offer a wide variety of options to our clients
- The best selection of brands available in today's market
- A high standard of customer services
An environmentally friendly building, celebrating the beautiful natural surroundings.
More than 2,5 million inhabitants, living both in Bucharest and the surroundings areas. A population of more than 460,000 inhabitants are just ten minutes away by car while one million customers are located within a 20 minutes or less drive from the facilities.
ParkLake Shopping Centre is located in the 3rd District, near to the centre of Bucharest. The location is perfect due to the high population density in the 3rd district, which is one of the most populated areas within the capital and is also one of the most populated districts in all Europe cities.