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Transformation of Arena Plaza



Budapest and Hungary’s biggest shopping mall, Arena Plaza, which is managed by Cushman & Wakefield and owned by Lanebridge Investment Management Limited, is currently being transformed.
The most recognized centre in the country, measuring 65000m², with a tenant mix of 200 brands is changing customers’ shopping experience by presenting international fashion labels while retaining a variety of successful, local retailers which formed part of its original concept when it opened in 2007.
  
This mix has ensured that consumers have a huge shopping choice.
There are key deals that will form part of the new concept which is set to affect around 30 stores.  This includes allowing Zara to extend its current store to 2500m² and relocating its Oysho store to the ground floor.  The Spanish Inditex Group is set to move its new Massimo Dutti into a 600m² unit.  

H&M will be expanding its store and its range. The mall management has shown excitement about having closed these deals and being the first centre of its king to welcome Massimo Dutti.  They state that the transactions indicate how successful the scheme is and the continued need for premium space.  


More about shopping malls in Hungary



YESTERDAY, United Kingdom:
The American brand will launch its first full-price standalone store outside London.
DAY BEFORE YESTERDAY:
What changes can we expect in shopping malls and retail shops in the near future?
DAY BEFORE YESTERDAY, Netherlands:
Multi Netherlands kicks off the major city center project in Rotterdam.
Sep 19, 2017, United Kingdom:
L&G has announced a £10 million increase in its investment of The Grafton Cambridge.
Sep 19, 2017, Russia:
Crocus Group presents Vegas Kuntsevo, the third project in a network of thematic shopping malls in Russia.
Sep 18, 2017, USA:
Toys 'R' Us has hired Kirkland & Ellis to represent them as they can start bankruptcy proceedings.


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ADDRESS: 901-2300 Tochi-kukaku seirichinai Awase, Kitanakagusuku Village, Nakagami District, Okinawa
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