C&W leases store to Cadenzza in Budapest

Retail

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Cushman & Wakefield, acting on behalf of the owner and developer Immobilia Plc., is handling the transaction of the new international multi-brand jewelry concept store, Cadenzza, located on Fashion Street in Budapest, according to a press release issued today.

This is first store in Hungary to be opened by Cadenzza, owned by the Swarovski group. The 78 sqm store was opened on April 1. 

The Cadenzza chain was founded in 2013 and currently has more than 20 retail locations in the United Kingdom, Germany Austria and China, according to the press release.

The store offers a range of handpicked luxury fashion jewelry from Escada, Azzaro, Versace, Shourouk, DSquared2, Oscar de la Renta, Otazu, Kenzo, Kate Spade and Vivienne Westwood.

“Our long-term aim was to attract a jewelry retailer to the Fashion Street project to make its selection even more colorful … We are confident, that this location will satisfy Cadenzza’s real estate needs in the long term,” Viktória Szabó, partner, head of retail at Cushman & Wakefield in Budapest said.

C&W is the exclusive retail leasing agent and property manager of Fashion Street, which offers approximately 8,000 sqm of retail space and restaurants on Deák Ferenc tér and Bécsi utca and is directly linked to Budapest’s traditional high street, Váci utca and Vörösmarty tér, the press release noted. The scheme is being developed by Hungarian firm Immobilia Plc. 

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