Szervita Square Building. A New Retail Hub in Downtown Budapest
Horizon Development’s most recently completed crown jewel, Szervita Square Building transformed downtown Budapest’s urban fabric architecturally and contributed to the revitalization of retail in the area. It completed the Deák Square – Fashion Street – Váci Street triangle, and established Szervita Square as a new retail destination for both tourists and locals.
The premium mixed-use building is home to 4 floors of office space and 2 floors of luxury residences, and houses 11 retail units on the ground floor, mezzanine and -1 floor totaling over 2,600 sqm in size.
Leasing Director Kata Mazsaroff elaborated on the successful leasing process: “75% of our retail leases were realized during the pandemic. Despite the obvious challenges, it was interesting to experience retailers’ focus on personalization and their aim to create a memorable customer experience more than ever. The diverse service range offered by our retail units not only caters to the building’s commercial occupiers and residents, but also engages the general public in placemaking.”
Sectors represented in the retail mix include health & wellbeing, food & beverages as well as style & fashion with brands such as 320DTLA yoga shop & juice bar, Bite Bakery, ENSO Day Spa, iOptic/DITA, Joe&Fredo Donuts, Laborpont diagnostic center, and a new café entering the market: Steam.
All retail units within the building are easily accessible and directly reachable from the square. The high footfall numbers at this heart-of-the-city location make Szervita Square Building an ultimate retail destination, guaranteeing financial success and high brand recognition for its tenants representing various sectors.
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