The View 7th edition

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Seating Area of new Vörösmarty Vapiano Regional Flagship Store

New Regional Vapiano Flagship store on Vörösmarty Square SECONDARY SCHEMES CAME TO LIGHT 2018 was a relatively uneventful period on the Hungarian retail market, there hasn’t been any new delivery except for a minor retail park on 4,100 sqm in Budapest IX. The ground-breaking for Futureal’s 54,200 sq m GLA Etele Plaza occurred in Summer 2018 with handover projected for Q3 2020. Other new development projects were announced in tertiary regional cities last year including Immofinanz’ new Stop-Shop retail parks in Gyöngyös and in Salgótarján (ca. 6,000 sq m per each) and an Interspar retail park in Tata (ca. 5,200 sq m). This last one is the only expected

delivery for 2019. The overall monitored pipeline, however, adds up to ca. 150,200 sqm, including previously announced but currently still pending projects. This figure excludes planned extensions of several landmark shopping centres in Budapest. All refurbishments and new projects are delayed due to changes in the so called ‘Plaza Stop’ law put into effect this past November that necessitates further permitting for all modifications and refurbishment for not just retail premises with larger than 400 sq m individually, but also for smaller units that are located in retail centres with GLA over 400 sq m.

Frequented high-street arteries in downtown Budapest are also seeing some numerous