Germany property developer ECE plans to start construction of a €70m-100 million shopping centre in the Hungarian city of Szeged in March 2009, said Christoph Augustin, managing director of project company Einkaufs-Center Szeged.
Preparations for the centre, which will have 35,000 square meters of retail space, have been ongoing for more than two years as Einkaufs-Center Szeged acquires property at the site, Augustin said. The centre, called Árkád, is expected to open its doors in the autumn of 2010. ECE has built shopping centres in Budapest, Pécs and Győr. Another, in Debrecen, is in the planning stages, according to ECE’s website. (MTI-Econews)