EUR 100 mln shopping centre opens in Hungary

ECE Projektmanagement Budapest and Real I.S., the real estate asset management arm of German bank Bayern, opened an intercity shopping gallery in Gyor, Hungary on Friday. With 125 shops on 35,000 m[sup]2[/sup] of retail space, the Arkad Gyor has an investment value of EUR 100 mln. Real I.S. has placed the shopping centre in a closed-ended real estate fund that gives German private investors the opportunity to take advantage of the strong growth in the region.

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