C&W has secured premium retail space for Zara Home’s first Hungarian store on the exclusive Fashion Street in Budapest on behalf of the developer Immobilia Plc. Zara Home will open in December 2014 comprising 916 sq m on three floors.
As part of the Spanish Inditex Group, Zara Home was founded in 2003 and specialises in the latest designs for the home. Its textile ranges, which include bedding and bed linen, tableware and bath linen, are complemented by dishware, cutlery, glassware and home decoration objects and accessories. Zara home is constantly refreshing its product range throughout the year. Zara Home currently has 402 stores in 45 markets.
Viktória Szabó Partner, Head of Retail at Cushman & Wakefield Budapest said: “This is a another great milestone for the high street shopping area of Budapest and Fashion Street to secure such a prestigious and globally recognisable brand. Market entires such as these only re-inforce the markets recovery and Zara Home will be an excellent addition to the already very popular Fashion Street.”
László Balázs, CEO at Immobilia Plc. commented: “We are delighted to welcome Zara Home to Fashion Street. Transactions and tenants like these prove that Fashion Street is at the very epicentre of Budapest from a retail destination perspective. We hope Zara Home will be very happy and are excited about opening this flagship operation. ”
Cushman & Wakefield is the exclusive letting agent and property manager of the exclusive and unique Fashion Street.
Fashion Street development offers approximately 8,000 sq m of retail space and restaurants on Deák Square and Bécsi utca and is directly linked to Budapest’s traditional high street, Váci utca and Vörösmarty square. The scheme is being developed by Hungarian developer Immobilia Plc. Key fashion tenants on the location include Massimo Dutti, Oysho, Intimissimi, Hugo Boss, Tommy Hilfiger, Mexx, nanushka, Lloyd, Benetton, Furla, and Lacoste. Major restaurant chains on Fashion Street include Starbucks, Vapiano and Déryné. iStyle and Vodafone are also represented with a sales point in the area. For more information please visit fashionstreet.hu.