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ECE plans Budapest mall

Alex Hayes 09 May 2018

Alex Hayes

Journalist

+48 22 356 25 20
alex.hayes@eurobuildcee.com

Alexander Hayes is currently working as a journalist for Eurobuild Central & Eastern Europe magazine. Originally from the UK, he moved to Poland in 1995 and has been working in real estate for over four years. He has a BA in english literature from the University of Buckingham.

ECE plans Budapest mall
The mall will have over 170 stores
HUNGARY ECE is to develop a shopping centre in Budapest.

The project is to be developed on the site of a former textile factory next to Szentendrei út in the city’s Óbuda district. Over 170 stores on three levels and a leasable area of more than 50,000 sqm. Construction is scheduled to start in 2019, and the opening is planned for 2021. “We are planning the most modern and attractive shopping centre in Hungary. It is intended to set new standards in terms of its mix of tenants, its selection of retail and services, and in terms of the visitor experience,” says Christoph Augustin, the managing director of ECE in Hungary. “To ensure these goals are met, we are drawing on our decades of experience as Europe’s market leader in the shopping centre industry.”

The centre is also intended to have a wide range of culinary services including 15 select food concepts, ranging from quick-service to fine dining restaurants in a restaurant area located next to a large roof garden with a terrace where shoppers will be able to relax and spend their free time. A modern 4D cinema is also planned. The catchment area has more than 640,000 inhabitants within a 30-minute drive and more than 760,000 within a journey time of 45 minutes.

“The brown-field area next to Szentendrei út is ready for renewal,” says Balázs Bús, the mayor of Budapest’s third district. “We are pleased that ECE has chosen our district as the location for its latest development project. The construction of the shopping centre will create around 1,000 new jobs and increase Óbuda’s attractiveness as a shopping and leisure destination, in addition to revitalising a vital part of the district and improving the area’s infrastructure.”


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