ACROSS | The European Retail Real Estate Magazine

Ticker

Multi enters Hungarian retail real estate market

Allee Centre in Budapest Image: Multi

Multi Corporation acquires asset and property management contract for Allee Centre in Budapest.

Multi recently won the international tender for the asset and property management of Allee Centre. This shopping centre is located in the city centre of Budapest and includes 53,100 sqm. of retail space. Allianz, represented by Allianz Real Estate and CBRE GIP on behalf of a client, are the owners of this prime shopping centre. Multi’s centre management team took over the management of Allee on 1 January 2018, marking Multi’s first entry into the Hungarian retail real estate market.

Josip Kardun, CEO Multi Corporation: “The addition of Allee Centre fits perfectly in Multi’s strategy to extend its activities in the field of asset and property management and to be one of the leading property management platforms in Europe. We have over 35 years of retail expertise and a retail service platform in 14 European countries. We are a service machine, and we get involved in every single aspect of an asset to realise concrete value and tangible returns for our landlords.”

Allee Centre Budapest

Allee Centre in Budapest Image: Multi

 

Allee Centre

Allee Centre, which opened in 2009, is located in the historical district of Buda and is one of the top shopping centres in Hungary. It is home to 142 stores, has an occupancy rate of almost 100 percent and attracts more than 18 million visitors each year. Anchor tenants include strong national and international chains, such as GAS, X-Class, Playmax, H&M, Zara, Van Graaf, C&A, Intersport, Deichmann and Nespresso. It also boasts a 13-screen multiplex cinema, restaurants, offices, a fitness club and parking for 1,200 cars.

 


Follow @across_magazine on Twitter and @across.magazine.europe on Facebook, sign up for our ACROSS newsletter and subscribe to ACROSS Magazine.


 

Ticker

Warburg-HIH Invest acquires a portfolio of five local convenience centres

Warburg-HIH Invest has acquired a portfolio of five local convenience centres with a gross lettable area of around 43,000 sq m for its “Perspektive Einzelhandel: Fokus Nahversorgung” investment fund.

MICROSOFT AND M&S LAUNCH STRATEGIC PARTNERSHIP

Partnership will investigate and test the capabilities of technology and artificial intelligence in a retail environment.

LAGO shopping centre wins German Brand Award

The LAGO shopping centre, which is managed by Prelios Immobilien Management and is part of Union Investment’s open-ended property fund “UniImmo: Global”, took home the German Brand Award in the category “Trade, Retail and e-Commerce” once again in 2018.

Unibail-Rodamco-Westfield submits building application for new shopping center in Osnabrück, Germany

“Oskar” on Osnabrück Neumarkt is scheduled to open at the end of 2020. A total of around 130 million euros will be invested into the new building.

Ted Baker Appoints Cushman & Wakefield and COMFORT for German Store Expansion

Cushman & Wakefield and German leasing partner COMFORT have been appointed by Ted Baker to source new store locations for the British fashion brand as it expands its presence in Germany.

AFI Europe appoints Doron Klein as the CEO of its operations in Romania

AFI Europe Romania, a leading real estate development and investment company, present on the local market since 2005, is pleased to announce that Doron Klein will take over the leadership of the company, starting July.