Arena Plaza shopping center


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The Challenge

Lanebridge appointed C&W with the exclusive leasing and property management of the Arena Plaza shopping centre (GLA 65,000 sq m) in order to further improve the unique tenant mix by introducing well known international retailers and to keep the shopping centre among the best running retail developments in Budapest. 


The Solution

Step 1: Establish a leasing team of 3 professionals dedicated for the project

Step 3: Provide professional advice to the Landlord for remodeling less attractive areas of the centre, and create new strategy and new tenant mix, better fitting to the needs of retailers and customers.

Step 2: Finalizing the lease renewal with H&M and Zara on the extension of their premises (doubling both premises), relocating the related retail units to new locations within the mall, and attracting further new retailers to the centre. 


The Results

Cushman & Wakefield has successfully completed the lease extensions both with H&M and Zara, and agreed for all relevant relocations within the building. Since 2012, C&W has also managed to attract new retailers to the centre, including The Body Shop, Michael Kors, Parfois, Butlers, Napapijri, etc. 

Contact

János Szeifert

Head of Property Management

Budapest, Hungary

Phone +36 1 484 1355

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