Arena Plaza
| File:Arena Plaza Budapest outside.jpg | |
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| Location | Budapest, Hungary |
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| Address | 1087 Budapest, Kerepesi avenue 9. |
| Developer | Plaza Centers B. V. |
| Owner | Plaza Centers B. V. |
| No. of stores and services | 300+ |
| No. of anchor tenants | 9 |
| Total retail floor area | 180.000 sqm |
| No. of floors | 3 floors |
| Parking | Underground parking: 2.800 |
| Website | Official site |
Arena Plaza is a shopping centre in Hungary with a 180,000 Gross Built Area of shopping and entertainment. On November 15, 2007, Arena Plaza was opened to the public with 100% occupancy. The shopping center comprises 66,000 sqm of gross lettable area and includes the first IMAX cinema auditorium in Budapest and in Hungary, along with other 22 screens. The main tenants in the shopping center include international hypermarket operator (Tesco) (c. 10,500 sqm), the German giant Peek&Cloppenburg with their first mega store in Hungary, Zara, Hervis (sporting clothing &equipments), Electro World, Hennes & Mauritz, C&A and others.[1] Arena Plaza is now one of the largest and most prestigious shopping and entertainment centers in Centeral and Eastern Europe and the quality, size and design of this project has set new standards for the region as a whole. On August 7, 2007, Arena Plaza was pre-sold to active Asset Investment Management ("aAIM"), one of the UK's fastest growing commercial property investments groups. The transactions was closed at a record gross yield of 5.9%, reflecting circa 381 million eur asset value; this represented 20% of all real estate deals done in Hungary during 2007, and the highest volume single transaction in Hungary for that year. The sales price reflects a material increase to the value at IPO time in November 2006, which was then 333 million eur.
Location
Kerepesi Avenue 9., 8. district, M2 (red) metro, Keleti pályaudvar stop, from there by walk or take a bus (No. 178, No. 95) or trolley (No. 80).