The Centrale multifunctional building complex will be built at one of the city's main intermodal hubs, the Puskás Ferenc Stadion metro station in the middle of the Hungária körút office corridor, according to a press release sent to the Budapest Business Journal.
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Retail and shopping center development remains constrained by the increasing use of e-commerce and concerns over spending power. There are no major mall projects in the pipeline, with owners essentially concerned with redeveloping and upgrading their retail, leisure and service offer to enhance the retail experience and meet ever more sophisticated consumer demands.