Portico Investments concludes two lease contracts (HU)

Portico Investments, a CEE real estate investor/developer, is delighted to welcome Euronics Vöröskõ Kft into two of their retail properties, located in Budaörs and Budakalász Retail Parks.

Portico has concluded two lease contracts with Euronics Vöröskő Kft totaling circa 4,300 m² of retail premises. The two new stores plan to open in August 2011, being the first flagship stores to be launched by EURONICS in a brand new concept in Hungary.

Portico's MD of Asset Management Kevin Craighead comments: "We are pleased to have concluded these transactions with a notably reputable, stable and successful company such as EURONICS.

"We expect this dominant and innovative market player in the electronics sector will boldly offer and deliver customers the variety, quality, pricing and service standards so long awaited in the Hungarian market."

Source: Portico Investments Kft.

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