CPI begins reconstruction of Budapest shopping centre

03
May
2021
News - CPI begins reconstruction of Budapest shopping centre #Budapest #CPI #Hungary #reconstruction #retail #shopping

by Property Forum | Retail

The interior of the Campona shopping centre in South Buda, owned by CPI Property Group,  will be completely rebuilt by the end of 2021.


Fine-tuning its previous plans and reacting to the changing market and customer environment, CPI Property Group will fully rebuild the entire customer area and accompanying service units in Campona. In line with earlier plans, most of the reconstruction work will be completed in 2021, with work beginning in May and the entire project scheduled to be completed early in 2022. According to plans, the entrances, the shopping area and the food court, and restrooms will all be rebuilt.

During the renovation, nearly 10,000 sqm of flooring and 4,450 sqm of false ceiling will be replaced, the food court will be expanded from 275 to 415 seats, and 200 plants and 20 relaxation zones for customers will also be added.  Nearly 2 km of LED tape will be installed as part of work on lighting.

With sustainability in mind, most of the floor and ceiling coverings to be used are made of recycled materials. The building will also get 11 new heating and cooling machines, incorporating environment-friendly technological solutions into its further operation.         

Accessibility auditor Access4you participated in designing the renewed shopping centre, which guarantees continued unhindered access to the impaired and the handicapped.




Latest news


New leases

  • BearingPoint has relocated its Bucharest office to Vastint’s Timpuri Noi Square, in a deal brokered by Griffes.
  • Lagardère Travel Retail has renewed its 2,300 sqm office lease for its HQ at the Bucharest-based Globalworth Campus, in a deal brokered by Cushman & Wakefield Echinox.
  • Jack & Jones has leased 310 sqm for a new store at Promenada Sibiu, owned by NEPI Rockcastle.

New appointments

  • Colliers Hungary has appointed Balint Laszlo as Director and Head of Design & Build. Laszlo brings over a decade of expertise in technical project management and fit-out execution, with a specific focus on the office and industrial sectors. He previously served as Head of Fit Out at Futureal Group, where he managed project execution, technical delivery, and cross-functional collaboration. His professional background also includes site management and commercial leadership roles.
  • NEPI Rockcastle has nominated Zelda Roscherr as an Independent Non-Executive Director. Roscherr will stand for election at the Annual General Meeting (AGM) in May 2026. André van der Veer, currently an Independent Non-Executive Director, will retire at the conclusion of the AGM and will not seek re-election.
  • Panattoni has promoted Nick Cripps to the position of Head of International Capital Markets for Europe, the UK, the Middle East, and India. Based in London, Cripps is tasked with leading the firm’s global capital markets strategy across 18 diverse markets. He joined Panattoni five years ago as Head of UK Capital Markets.


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