lh x cw market report A4_23.03.02 v34 interactive72

RETAIL WAREHOUSING MARKET – SOLID INTEREST FROM RETAILERS AND CUSTOMERS

The Hungarian retail warehousing market developed from the second half of the 1990s and expanded rapidly until 2008. First generation retail parks were typically developed by hypermarket owners. The strip-mall concept came later, under the brand names Stop-Shop,

large-scale boxes are being converted into strip malls.

NEW SUPPLY In Budapest, Aldi and Lidl have opened the most new stores in recent years. DIY stores have started to expand in secondary cities with tenants starting to grow. The largest recent handovers include the 4,500 sq.m

Family Center Vác

Gallery Center in Mosonmagyaróvár, which opened in 2019, and the 11,000 sq.m retail park scheme in Kaposvár, developed by SES. In total, 25,700 sq.m of retail park space was handed over in 2022.

Family Center, Zone, Buy-Way and Park Center. After 2008, new developments dropped off significantly, but since 2015 the sector has been expanding steadily. Demand has improved for existing schemes, with

CityMarket Dunakeszi

RETAIL PARK SCHEMES OVER 10,000 SQ M

Stop Shop Gödöllő

Stop Shop Óbuda

Újhegy Bevásárló Udvar

Antana Üzleti Park

Market Central Ferihegy

Újbuda Center

Forum Savoya Park

CityMarket Soroksár

Stop Shop Érd

Sziget Center Tököl

Retail Parks Largest retail clusters