Lanebridge - Property Management and exclusive Retail Letting of Arena Plaza


Click to Enlarge

The Challenge

Arena Plaza is the largest shopping and entertainment centre in Budapest, comprising some 65,000 sq m. It was opened in 2007, with 100% occupancy following leasing by C&W. As the centre moves into it’s fourth year of trading, the owner has appointed Cushman & Wakefield to take over the property management with retail letting and implement a repositioning of the centre.


The Solution

Cushman and Wakefield has created a team that incorporates on-site management, retail leasing, retail asset management, commercialisation and project management expertise, to be delivered in a fully integrated and seamless manner.

The team incorporates the best local and international expertise in the Hungarian market.


The Results

Cushman & Wakefield proved in Aréna Pláza to be able to bring success to any retail units between any circumstances. During 2013 new leases have been agreed with 11 new tenants including Napapijri, Skechers, Butlers, Michael Cors and Helly Hansen, Sportsdirect.com. We created a new lounge area, which is used as an event centre and provides better visibility for some anchor tenants.

 

The experienced team, in possession of the new commercial strategy, made Aréna Pláza definitely one of the most successful shopping centres in Hungary.

Contact

Viktória Szabó

Head of Retail

Budapest, Hungary

Phone +36 1 484 1318

Contact me

Related Case Studies

Cushman & Wakefield was appointed for the Property Management of Nordic Light Office building developed by SKANSKA in May 2016.

Read More...

Park center- Retail Warehouse

Read More...

Dunaharaszti, Hungary, Development site

Read More...