PL

HUNGARY Multi modernisation complete for Allee

Retail & leisure
Multi Corporation has completed the EUR 18 mln refurbishment of the Allee shopping centre, which it manages in Budapest.

The refurbishment work, which covered both the interior and exterior of the mall, started in 2020 and continued during the pandemic. Allee’s food court has been extended and transformed, with more space created for additional restaurants and cafés, while the seating capacity has been doubled.

Artwork inspired by the traditional Hungarian food and fashion culture has also been added, while the centre’s cinema façade has been renovated and its restroom area enlarged and modernised.

LED lights have been installed throughout the communal areas, as well as thermal insulation foil on the glass roof along with a 710 sqm solar installation, and energy-saving upgrades have been carried out to the entire air conditioning system. As a result of all the work, it is estimated that the shopping centre will reduce its energy consumption by 1.8 mln kilowatts of electricity per year, resulting in a 660-tonne reduction in carbon emissions.

The entire project was designed, coordinated and implemented by Dutch company Multi’s in-house architectural design team.

Allee is the first shopping centre in Hungary and the CEE region to have undergone such a significant transformation to both increase the visitor experience and enhance sustainability. We are thrilled with the result and the BREEAM-In-Use ‘Outstanding’ rating.
Luca Maganuco, the senior managing director of Multi in Italy, Hungary and Slovakia

Allee is jointly owned by German group Allianz, represented by Allianz Real Estate, and Dutch insurer NN Group, represented by CBRE Investment Management. It is located in Buda district and comprises 46,700 sqm gla, with more than 140 shops, a 13-screen multiplex cinema, restaurants, offices, a fitness club and parking for 1,200 vehicles. The centre attracts over 13 mln visitors a year.

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