Budapestʼs EuroCenter mall sold to Wing
The EuroCenter Óbuda shopping mall has been acquired by Wing Zrt., business news portal portfolio.hu reported. The real estate investment company has also bought two retail facilities in Szombathely, near the Austrian border.
The EuroCenter Óbuda in Budapest was inaugurated in 2000, on 23,000 square meters. Wing plans to renovate and expand the facility, according to portfolio.hu.
The transaction was already approved by the competition authorities last month. Besides buying EuroCenter Óbuda, Wing has also acquired the Family Center shopping mall and Praktiker store in Szombathely, western Hungary.
The transactions were financed by Sberbank Hungary Zrt.
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.