Multibrand fashion jewellery store in Budapest
Cushman & Wakefield acting on behalf of the owner/developer Immobilia Plc., contributed the opening of a new international multibrand jewellery, Cadenzza concept store on Fashion Street in Budapest.
The first store of Cadenzza, owned by the Swarovski group opened on the 1st of April 2016, on 78 sq m.
The chain which was founded in 2013, already has over 20 retail locations in the UK, Germany, Austria and China.
The exclusive store concept offers a full range of handpicked luxury fashion jewellery from Escada, Azzaro, Versace, Shourouk, DSquared2, Oscar de la Renta, Otazu, Kenzo, Kate Spade and Vivienne Westwood.
Viktória Szabó, Partner, Head of Retail at Cushman & Wakefield in Budapest commented on the success: “Our long term aim was to attract a jewellery retailer to the Fashion Street project to make its selection even more colorful. In its current, exclusive tenant mix, one can find all fashion items (from underwear to accessories) in one street, which was the main idea at the early stages of the development. We are confident, that this location will satisfy Cadenzza’s real estate needs on the long term.”
László Balázs, CEO at Immobilia Plc. added: “After Lacoste’s flagship store opening, this is another success story in Fashion Street’s life. We are extremely happy that Cadenzza chose our high street location for entering the Hungarian jewellery market and we will do our best to help them exceed their expectations.”
Marcus Kossendey CEO at Cadenzza mentioned: “We see Cadenzza’s legitimacy and great potential in the Eastern European region also proven by increasing customers’ demand. We are pleased to open our first store in Budapest at the Fashion Street."
Cushman & Wakefield is the exclusive retail leasing agent and property manager of Fashion Street since 2005.
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 street and Vörösmarty square. The scheme is being developed by Hungarian developer Immobilia Plc. Key fashion tenants on the location include Massimo Dutti, Hugo Boss, Tommy Hilfiger, Lacoste, OYSHO, Lloyd, Furla, Intimissimi and nanushka. Cadenzza and Zara Home are also represented with a sales point in the area. Major restaurant chains on Fashion Street include Starbucks, Vapiano, Pizza Me, KFC and Subway. For more information please visit fashionstreet.hu.