News Article fashion Hungary retail park Stop Shop
by Property Forum | Retail

The first Stop Shop retail park was opened in Budapest in 2002, followed by several shopping centres in the capital and the countryside. Today the portfolio has expanded to 14 locations nationwide offering 137,000 sqm retail space. 

The first Stop Shop shopping park was opened in Budapest (Hűvösvölgy) in 2002. By 2009, 11 more parks had opened their doors to shoppers, including in Debrecen, Miskolc, Nagykanizsa and Veszprém. In 2017, the Hungarian portfolio was expanded with two more Stop Shop parks during the redevelopment of the Family Centres in Hatvan and Szolnok.

A complete portfolio transformation started in 2018, including the installation of energy-saving LED lights and electric car chargers, and the deployment of photovoltaic systems started this year. The brand, which has more than 270 leases in the country, covering almost 137,000 square meters, has reached 100% occupancy rate by 2022.

The biggest tenants in the Hungarian Stop Shop parks include popular brands such as SPAR, KiK, Takko, CCC, Deichmann, Müller, dm and Media Markt. The entire Stop Shop portfolio currently covers more than 100 locations in ten countries with nearly 790,000 square meters of rentable space.

"We are really proud of the Stop Shop brand's 20 years of existence and continuous popularity in Hungary, and the fact that we have been part of the progress made over two decades," said Balázs Sipos, Senior Retail Asset Manager at CPI Hungary.