First downtown outlet plaza to open in Hungary

In early 2012, a new retail format, a multi-level Outlet Plaza will open its doors in central Budapest. The 10,000-square-meter retail center is a new retail format in Hungary, as outlets are usually located outside of the city. Grand Fashion Outlet (GFO) is located in the place of the former home furnishings based Material Center.

"The facility will operate with around 50 shops, handed over to tenants in a high level fit-out condition, allowing them to open with a relatively low investment" - said Anita Csörgõ, Director of Retail Agency at Colliers International Hungary.

According to the developer, customers will find well-known brands for reduced prices, offering 30-70% discounts. Based on the plans, the Grand Fashion Outlet will provide a selection of fascinating inventory for every generation. The Outlet Center will host women's, men's and children's fashion and specialty stores for jeans, underwear, sporting goods, shoes, bags, and accessories.

The air-conditioned outlet building also hosts indoor as well as outdoor parking, a restaurant and cafe. Further strengthening visitor numbers are the already successfully operating G1 Gokart track, the Fitness Factory fitness center on 2,000 sqm and the Mec Event Conference Center also operating on 2,000 sqm.

The location is easily accessible by public transport, notably, the No. 1 tramway line and is a five-minute walk from the nearest metro station.

(source: portfolio.hu)