CPI Retail secures 4,140 sqm in transactions
pixabay
The retail segment of CPI Hungary signed 4,140 sqm in transactions recently, through its handling of 11 office buildings, four shopping centers, three hotels and one logistics park worth approximately HUF 95 billion, according to an announcement issued yesterday.
The transaction involving Pepco, which opened its latest 360 sqm store in Hungary in the Dunakeszi Buy-Way shopping center, was assisted by CBRE, the announcement said. Walterland, located in both the Buy-Way in Dunakesi and in Soroksár, has extended both leases amounting to 1,738 sqm of retail space. Brendon seller of baby products has also extended its contract for 1,943 sqm at the Buy-Way in Soroksár.
CPI’s portfolio in Hungary comprises 220,000 sqm. The company is planning to invest a further HUF 1.3 bln in the development of its real estate portfolio in the next two years.
Avg Hourly Pay Rate for Blue-collar Workers Climbs 16% in Q1
Bulgaria's Household Income, Spending Rise 20% in 2023
Job Fair and Career Prep at Corvinus Starts Tomorrow
Spago Budapest Offering Unique Sunday Brunch Experience
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
