Arena Plaza (Aréna Plaza) is the largest shopping plaza in Budapest at a size of 200,000 square metres. On November 15, 2007, Arena Plaza opened at the site of an old horse racing track. The project was developed by Plaza Centers Group, a shopping center developer in Central and Eastern Europe (CEE). Plaza Centers Group credits itself as the first developer to bring Western-style shopping centers to Hungary. The executive of Plaza Centers says during the opening in 2007, “Arena Plaza is one of the largest and most prestigious shopping and entertainment centres in Central and Eastern Europe, the design and ambition of which has set new standards for the region..."