Allee Centre in Budapest Image: Multi
Ticker

Multi enters Hungarian retail real estate market

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.


 

Sign up for our ACROSS Newsletter. Subscribe to ACROSS Magazine.

Ticker MORE

Trei Increases Development Volume by a Third, up to 900 Million Euros

Trei Real Estate GmbH successfully continued to expand its business in 2019.

NEINVER continues its renovation of Getafe The Style Outlets and confirms the addition of 10 new brands

NEINVER is making progress in renovating its Getafe The Style Outlets centre near Madrid, as part of the company’s strategy of growing its strongest centres and enhancing their value.

Smart Buildings Challenge: ECE implementing innovative solutions for smart shopping centers

ECE is working with start-ups to help make properties smarter as part of the “Smart Buildings Challenge” which the company is carrying out together with its partners Bosch, Microsoft, TÜV Süd, and Deka Immobilien.

Staging connects: The umdasch world of experience at the EuroShop 2020

umdasch The Store Makers are presenting new perspectives for the retail sector of the future on a fair stand extending over 900 square metres at the EuroShop in Düsseldorf from 16–20 February 2020. In an integral tour of all sectors of retailing visitors can experience multimedia ideas, unusual materials and countless opportunities for profitable measures at the point of sale.

Southern Spain’s first designer outlet opens in Málaga

On February 13, the eagerly anticipated McArthurGlen Designer Outlet Málaga opened to the public. The first of its kind in the south of Spain, the new designer outlet offers both local and international visitors an extraordinary shopping experience, combining fashion, culture and entertainment, all in a beautiful setting with savings of up to 70%.

Sheremetyevo Duty Free opens luxury market place in new Terminal C

In the new Terminal C of Moscow’s Sheremetyevo Airport, Sheremetyevo Duty Free – a joint venture between the airport, Gebr. Heinemann and Greenway – launched its luxury market place with the opening of two multi-brand stores in the categories Fashion & Accessories as well as Watches & Jewellery (FAWJ).