Polish investor Echo Investment and architect MOFO-BH Stúdió have presented visual plans for the €200 million Mundo shopping and entertainment center, the largest property investment in Budapest’s District XIV. According to design blog Hg.hu (click link for images), construction will begin in the first quarter of 2009.
The Mundo center, surrounded by public parks and an office complex, will occupy 65,000 square meters in the area bordered by Bosnyák tér, Csömöri út, Rákospatak utca and Mosztár utca. The center is scheduled to open in the first quarter of 2010.
Echo Investment, one of Poland’s largest real estate investors, bought the 6.8-hectare plot currently used as a sports complex from the Zugló district government in June 2006. Requirements for the planned complex include integration with the surrounding suburban environment and with local government developments.
The Mundo center, with a passage and square in front of its main entrance, will connect to the Bosnyák tér church, the planned cultural center at the site of the tram garage and a sports center to be built behind the office buildings.