Property developer Convergence Capital laid the cornerstone for a €30-million commercial park in Zalaegerszeg (SW Hungary).
Europa Fund II is the majority investor in the commercial center, called Zala Park.
Construction on 16,000 square meters of the 10-hectare Zala Park began 14 months ago. The park will eventually have 30,000 square meters in rentable building space.
The future tenants of the park include sporting goods chain Decathlon, supermarket Aldi, children's department store Brendon, furniture store Asko and drugstore Drogerie Markt.
In November, Decathlon will be the first to open store at Zala Park, employing 33 people.
Convergence Capital has made office developments in Hungary and Slovakia since beginning operations in 2004. Zala Park represents the property developer's first commercial investment. (MTI – Econews)