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.




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New leases

  • IAG GBS Poland, the shared services arm of the International Airlines Group (IAG), has finalised a lease renewal for 2,246 sqm of office space within the O3 Business Campus in Krakow. The decision to remain in the current location followed a comprehensive market analysis and workplace audit conducted by Savills.
  • Golden Star Estate has secured two ground-floor tenants at its Warsaw-based Konstruktorska Business Center. 5 SENSES has signed as the new canteen operator, occupying 560 sqm of ground-floor retail space. Concurrently, CONTRACT Meble Biurowe has extended its commitment to the property. The firm, which has operated a publicly accessible showroom at the site since 2021, renewed its lease for 350 sqm on the ground floor.
  • American retailer GAP entered the Romanian market at Fashion House Militari, followed by the launch of an Italian Stefanel store at Fashion House Pallady, with a further Stefanel location scheduled to open shortly in Militari.

New appointments

  • Avison Young has strengthened its Polish leadership with three senior promotions. Patryk Błach ascends to Associate Director within the Investment Advisory Department. Kamil Głowienka has been named Senior Project Manager. Furthermore, Katarzyna Uzar becomes a Valuation and Innovation Specialist, tasked with integrating technological solutions and coordinating global departmental projects.
  • Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.
  • Czech investment group SCF has expanded its team by appointing Jan Simandl as Senior Leasing Team Leader. In this role, Simandl will oversee leasing activities across the company’s commercial property portfolio. He previously worked for CPI Property Group and CBRE.


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