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CPI Property Group, a leading long-term, property investor, today unveiled its new plans and projects at the international retail real estate event MAPIC held at Cannes’ famous Palais des Festivals. The Group’s announced plans include a refurbishment of the Campona shopping centre in Budapest, extensions to shopping malls Královo Pole in Brno and Olympia in Pilsen, and a remodelling of the food court in the Ogrody shopping centre in Elblag, Poland.
The New Campona in Budapest to become the first regional lifestyle centre in Hungary.
CPI Property Group marked the start of the 24th MAPIC in Cannes with an exclusive presentation of its plans for a refurbishment of the Campona shopping centre in Budapest. The execution of the plans will see the centre’s gross leasable area (GLA) grow by almost 60 percent: from a GLA of 41,000 sqm to approx. 70,000 sqm. Almost 30 percent of the new area will cater for leisure-time activities, up to 15 percent will be occupied by restaurants and eateries, and the remaining 55 percent will be used by retail. The refurbishment plans include, among other things, a panoramic roof over the shopping centre’s food court and a new 30,000 sqm public park. “We have invested considerable efforts into getting to understand the changing needs and desires of consumers and shopping centre visitors. We envisage the New Campona as a shopping mall of the future, the first lifestyle centre that will be both inspirational and offering ideal conditions for family outings with shopping and leisure-time activities,” said Renáta Kodadová, Head of Retail Assets Management in Hungary.
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