ECE plans to develop a new shopping center in the Hungarian capital.
The project area is located in the Northwestern part of the city, near to the Danube River, on the site of a former textile factory in the Óbuda district. It is planned to have over 170 shops on three levels and a leasable area of more than 50,000 m². Building start for the project is scheduled for 2019, and the opening is proposed for 2021.
“We are planning the most modern and attractive shopping center in Hungary. It is intended to set new standards in terms of the mix of tenants and retail sectors, service offerings, and visitor experience,” states Christoph Augustin, Project Director at ECE and Managing Director of ECE in Hungary. “To ensure these goals are met, we are applying our decades of experience as Europe’s market leader in the shopping center industry and the latest findings of ECE into this project.”
In addition to an attractive tenant mix included of top international brands and local vendors, ECE’s plans for the new development project – which comes with a unique architectural concept and a bright and spacious design – feature a magnificent gastronomy area. An offering of around 15 select food concepts is planned, ranging from good quick-service options and trendy casual restaurants through to fine dining restaurants. Visitors will be served high-quality local and international food and drinks prepared in a modern style and with fresh components. The restaurant area is settled next to a large roof garden with a sun terrace where consumers will be able to relax and spend their free time. Plans for the project also include bringing an ultramodern cinema with 4D technology to the center.
The planned project is located right next to the main, multilane highway “Szentendrei út” and in a dense neighborhood with lots of housing, a highly utilized local train station, and a bus station. In addition, the center will provide around 1,800 parking spaces. The catchment area has more than 640,000 citizens within a 30-minute driving radius and more than 760,000 within a radius of 45 minutes.
26 JUNE 2018, Hungary