ECE to start building second phase of Árkád centre in Budapest
ECE Budapest has started the construction of Árkád II, the second phase of its Budapest shopping centre, managing director Gyula Gyalay-Korpos told the financial daily Világgazdaság on Wednesday.
The shopping centre will cost about €80m to build and ECE's financing partner in the project will be Deutsche Bank, the daily reported.
Árkád II will have net retail space of 20,000sqms and is expected to open in the spring of 2013.
The first 45,000sqm phase opened in 2002.
Árkád I has 170 retail units and Árkád II will have about 30.
ADVERTISEMENT
.jpg)
Households Continue to Make Net Withdrawals in Oct
Gov't Keeps Rate on General-purpose Student Loans at 7.99%
Wolf Theiss Advises Kyoto Group on HaaS Delivery to Kall Ing...
4-legged Guests Welcome at Hungary's 1st Hampton by Hilton
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.
