Dutch property company ING Real Estate has acquired the Campona shopping centre in Budapest from Compagnie Immobiliere de Belgique for EUR 110 mln. The property is being added to the ING Property Fund Central and Eastern Europe (ING PFCEE), a semi-open ended real estate fund with a target size of EUR 1 bn.

Dutch property company ING Real Estate has acquired the Campona shopping centre in Budapest from Compagnie Immobiliere de Belgique for EUR 110 mln. The property is being added to the ING Property Fund Central and Eastern Europe (ING PFCEE), a semi-open ended real estate fund with a target size of EUR 1 bn.

The two-storey shopping centre was built in 1999 and is located 11 km southwest of Budapest's city centre. It comprises 145 shop units with a total occupancy level of over 97%. The anchor tenants include C&A, H&M Electro World and Hervis. A Tesco hypermarket is fully integrated into the mall but not part of the acquisition. The mall also features an eleven-screen cinema, a food court and a tropicarium. The shopping centre has a gross lettable area of 39,387 m2 - excluding the hypermarket - and a three-level car park with 1,500 spaces.