Retail sales and turnover continue to grow on the Hungarian market, according to the latest report published by CBRE. Take-up totaled 24,300 sqm in the first six months of the year, including 79 new store openings and 10 expansions of existing units. Fashion retailers remained the most active in H1, followed by the footwear and F&B segments which both expanded significantly. In total, 76 individual brands opened new stores in the six-month period. The mixed-use landmark development Váci1 was completed in downtown Budapest in Q1. The scheme features a 6,200 sqm retail component that was entirely pre-leased to H&M.
