New shoe & fashion retailers moved to Campona

6 Jan, 2011, Hungary

Global real estate consultant Cushman & Wakefield (C&W) has represented ING Real Estate Property Fund CEE (ING PFCEE) in the lease negotiations with the well known shoe and fashion retailers, Deichmann and TAKKO for their 516 sq m and 460 sq m units in Campona Shopping Center, Budapest.

Deichmann, German shoe brand opened its 72nd store in Campona on the 25th of November 2010.
Deichmann is market leader of the shoe manufacturing industry both in Hungary and in Europe, currently being present in 20 countries with 2700 stores. TAKKO, also German based fashion retailer, operating close to 1,500 stores in Europeopened its 1st Budapest shopping Center flagship store in Campona.

Viktória Szabó, Partner and Head of Retail in C&W Budapest said: "These significant retail lease transactions prove that despite the current economically difficult times major international retailers have demand for shopping centres. We are happy, that Takko Fashion opened its first Budapest shopping center flagship store in Campona."

Ágnes Dr. Gangl, Expansions Manager in DEICHMANN Cipőkereskedelmi Ltd. added: "Being present in almost all Hungarian retail parks, and shopping centers we have now decided to move in to Campona as well. The main advantages of the center are the location, retail mix, and customer base. Besides these, the facilities offered by the scheme meet our expectations and we expect successful long term cooperation."

"For Takko Fashion the Hungarian market is extremely attractive as it is a very fashion demanding market but at the same time very price sensitive. Furthermore, there are still plenty development opportunities. We see great potential for the retail market. Therefore, we are glad to open a unit in Campona", Takko Fashion stated.

Campona Shopping Centre, owned by ING PFCEE, and managed by ING Real Estate Investment
Management contains 150 shops, restaurants and entertainment units on 53.000 sq m with 2.400 parking spaces. Campona, was designed by the Ybl Award winning Architect Barnabás Winkler. It is an ideal family destination offering the best of international retailers and entertainment services (e.g. Tropicarium) close to the M0 motorway and the highway Nr. 6 in South Buda.

ING Real Estate, being a part of the ING group, is an integrated real estate group engaged in investment management, finance and the development of quality real estate in all major global markets with a total portfolio of EUR 115 billion. ING Real Estate ranks among the world's leading real estate companies and serves a broad client base from offices in 22 countries in Europe, North and South America, Asia and Australia.

Cushman & Wakefield global real estate advisor is the exclusive letting agent and the property manager of Campona Shopping Centre.

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