Immofinanz has opened two further retail parks of its STOP SHOP brand. The STOP SHOP portfolio has now grown to 72 locations with roughly 500,000 m² of rentable space in eight countries. The new properties are located in the Serbian cities of Požarevac (7,200 m²) and Vršac (8,250 m²). Both locations are 100% rented. The tenants include, among others, LC Waikiki, Reserved, Sinsay, CCC, Deichmann and DM.
“Our STOP SHOPs are likeable and convenient retail parks with efficient transport connections, lots of parking and good value for money. Our tenants welcome the standardised shopping format, which stands for high and reliable quality“, explained Dietmar Reindl, COO of Immofinanz. “After we increased the number of STOP SHOP locations from 58 to 70 in 2017, the growth course is continuing rapidly. Our goal is to grow to roughly 100 locations over the coming years. That makes us the leading retail park operator in the CEE region.“
The 72 STOP SHOPs are located in Austria, Slovakia, Hungary, Czech Republic, Poland, Slovenia, Serbia and Romania. The occupancy rate equalled 97.9% at the end of December 2017. Following market entry in Serbia during 2015, Immofinanz now operates six STOP SHOPs in that country. A further location in Sremska Mitrovica is scheduled to open in 2019, and other projects are currently in preparation.
