CPI looks to renovation

CPI Property Group will redevelop shopping centres in Hungary, Poland and the Czech Republic.

Plans have been announced for the refurbishment of the Campona shopping centre in Budapest, as well as extensions to shopping malls Královo Pole in Brno and Olympia in Plzeň , and a remodeling of the food court in the Ogrody shopping centre in Elbląg, Poland.

New Campona in Budapest is to become the first regional lifestyle centre in Hungary. The centre’s gross leasable area will grow by almost 60 pct from 41,000 sqm to around 70,000 sqm. Almost 30 pct of the new space will cater for leisure activities, up to 15 pct will be occupied by food outlets, and the remaining 55 pct will be retail. The refurbishment includes a 3 ha public park.

“We have invested considerable effort into getting to understand the changing needs and desires of consumers and shopping centre visitors,” said Renáta Kodadov the head of retail asset management in Hungary at CPI Property Group.

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Extensions are also in the pipeline for two shopping centres in the Czech Republic. The first is Královo Pole in Brno which is being extended with the work to be completed over a number of years.

Olympia in Plzeň is also to be modernised with more space in hand for restaurants and a giant children’s world centre as well as new parking areas.

Another shopping mall to be modernised is Ogrody in Elbląg in the north of Poland. Its food court is to undergo a refurbishment and extension, while new relaxation areas are to be be added.