Etele Plaza receives occupancy permit


The EUR 300 million Etele Plaza developed by Futureal has received the occupancy permit, meaning that tenants can now start setting up their stores in Buda's largest shopping center, according to a press release sent to the Budapest Business Journal.

The complex, set to open this September, offers a rentable area of 55,000 sqm.

The certificate of occupancy had been issued by the local authorities. The stores of the domestic and international tenants can now be completed to get their final look, the press release notes.

The Spanish Inditex Group decided to be present in Etele Plaza with all of its brands available in the country, including Zara fashion store featuring a brand-new design concept. Peek & Cloppenburg's first store on the Buda side of the capital will present itself with a new floor space concept in the complex to provide optimal orientation for our customers and to invite them to be inspired by the variety of products on offer.

Etele Plaza, designed by Paulinyi & Partners and Dyer Group (interior design), will feature 180 shops, a supermarket, restaurants, cafés, a multiplex cinema, a gym, a children's play center and a range of other services with nearly 1,300 parking lots. The environment-friendly complex already obtained the BREEAM Very Good certification during the planning phase, which represents one of the highest levels of sustainability.

"The wide range of stores and service, the unique digital and architectural solutions create an exceptional customer experience that is in great demand from the players of the domestic retail sector as well. The contracted tenants are about to occupy the almost fully completed building, and we are also close to agreement with a number of exciting partners in order to further expand the already huge portfolio of the shopping center," emphasized Tibor Tatár, CEO of Futureal.


Hungary PMI Edges up to 47.4 in September Analysis

Hungary PMI Edges up to 47.4 in September

Ukraine Suspends OTP Status on 'Sponsors of War' List Ukraine Crisis

Ukraine Suspends OTP Status on 'Sponsors of War' List

Karik├│ and Weissman Receive 2023 Nobel Prize in Medicine Science

Karik├│ and Weissman Receive 2023 Nobel Prize in Medicine

Pálinka Added to EU-Japan Geographical Indication Deal Drinks

Pálinka Added to EU-Japan Geographical Indication Deal


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.