Family Center shopping mall in Szombathely gets new owners
2022-09-01
WING has sold the Family Center shopping mall to the Unione Investment Group. With 28 shops and a seasonal assortment of sales booths, Family Center Szombathely was acquired by WING in early 2018. Now, as WING is selling the mall to the Unione Investment Group, the shopping centre boasts an occupancy rate of nearly 100 percent.
WING, one of the largest property development and investment companies on the Hungarian real estate market, purchased the Family Center Szombathely shopping mall in early 2018. It has now sold the complex to the Unione Investment Group. WING is well-versed in the development and operation of shopping centres. Following its acquisition by the company, Family Center saw a significant increase in revenue and value with store occupancy rates approaching 100 percent.
The Family Center shopping mall is located in the heart of the largest retail area in Szombathely and Vas County, next to a TESCO hypermarket and a Praktiker hardware superstore. With nearly 30 popular stores and a seasonal assortment of sales booths, it has become one of the area’s favourite shopping spaces since opening in 2005. It is home to a number of shops that are not present anywhere else in the county, including Media Markt, Hervis and C&A.
In the past few years, under WING’s ownership, Family Center Szombathely has seen an increase in both visitor numbers and turnover, thanks to its outstanding location and selection of shops. The mall now boasts an occupancy rate of nearly 100 percent. It has a strong tenant mix with international anchor tenants being present. The shopping centre remained open throughout the coronavirus pandemic, and its turnover is now higher than it was before the pandemic.
WING plays an active role in the commercial real estate market. Its development projects include Agria Park, the most modern and largest shopping and entertainment centre not only in Eger but in the entire Northern Hungary region, which offers an unrivalled selection of shops, as well as the Hegyvidék Shopping Centre in Budapest’s 12th District. The company was also responsible for the renovation and repositioning of Mom Park. Similarly, GOBUDA Mall was opened in Spring 2022 after its transformation by WING into a modern shopping centre. GOBUDA mall has 25,000 square metres of leaseable area, accommodates about 100 stores, and provides a service function, all of which help it meet the needs of today's shoppers.
