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Cushman and Wakefield to organize leases at Arena Plaza

Israeli property developer Plaza Centers announced it has commissioned the Hungarian unit of Cushman and Wakefield to be the exclusive agent for leases at Arena Plaza, a €200 million shopping center Plaza Centers is building on the site of a former horse racing track in Budapest.

The 65,000 square meter shopping center, the largest in Central Europe, will be completed by the end of 2007. It will be Plaza Centers’ 17th shopping center in Europe. In addition to retail space, the center will feature an amusement park, discotheques, an exhibition hall and special movie theatres.