Árkád Szeged is located next to the city center on the main ringroad and was opened on October 4, 2011. The fully integrated inner-city location with excellent accessibility, a tailor-made branch and tenant mixture as well as the individual architectural concept lead to the fact that the centre is a point of attraction in the city of Szeged. In reference to the City of Sunshine, the interior of Árkád Szeged has a sunny appearance, marked by broad spaces, brightly coloured surfaces and a golden rotunda as heart of the center. The bright and modern design, the clear layout of the mall and the largest concentrated retail offer in the catchment area strengthen the dominant market position of the centre.
The Investment Strategy
- Acquired in 2018 by the ECE European Prime Shopping Centre Fund II
- Well-established dominant shopping centre in the third-largest city of Hungary
- Turnover growth exceeding 40% since 2012
- Focus on stabilizing the asset and reducing vacancies as well as restructuring and optimization of tenants mix