ING Real Estate Development has agreed to sell a 50pc stake in a recently opened shopping centre in Budapest to Allianz Real Estate Germany for about EUR 100m, the two companies told MTI on Wednesday. ING Real Estate Development will... [read complete entry]
ING Real Estate Development is currently in negotiations with Germany's Allianz Real Estate about selling 50% of Buda's newest mall - Allee - propertyeu.info reports. ING would keep a 50% stake in Allee. In related news, the "poisonous" mall was... [read complete entry]
Buda's newest shopping mall Allee will remain open despite recent cases involving carbon monoxide poisonings of shoppers at the facility, writes vg.hu. Opposition party Fidesz says the complex had been issued opening permits in a rush for "PR reasons." The... [read complete entry]
Over on Caboodle.hu you can read about today's opening of the new Allee mall, which was built over the remains of the historic Buda Skála, the biggest shopping center in Communist-era Budapest. According to the developer, the 46,000 sqm of... [read complete entry]
International sporting goods retailer INTERSPORT has signed a lease contract for a 1,200 sqm outlet in Allee, a shopping mall that will open on the site of the former Skála department store in Budapest's District XI this November, ">Portfolio.hu reports.... [read complete entry]