A “REVOLUTIONARY” redevelopment project aimed at raising the standard of retail space in Hungary is under way.
CPI Property Group is in Cannes to showcase the project, which will add 70,000 sq m of mixed-use space to the Campona shopping centre outside Budapest and create a new “lifestyle centre” fit for modern shoppers, said the company’s retail asset director Renata Kodadova. “This will be a revolutionary project for Hungary,” Kodadova added. “At the moment, it’s a shopping centre. We’re adding the elements that we believe the centre needs to survive. We are over the shopping-centre era and want to enter the new era with this project.”
When complete in 2022, the redeveloped centre will offer new sports, activities and entertainment features, along with a new food hall, designed to provide the mix of uses that will attract shoppers out of the centre of Budapest.
Kodadova and the CPI team are at MAPIC to highlight the Campona project and to share their future vision of Hungary, and its potential, with both retailers and the wider property sector. “Hungary is one of the fastest growing markets in Europe,” Kodadova said. “We need to convince people about that — we have to change the mindset.”
This and more in the MAPIC News Issue one : https://issuu.com/mipim/docs/mapic_2018_news_1