STOP SHOP’s Serbian portfolio has reached 100% occupancy: fully leased business parks at 14 sites

The Austrian company IMMOFINANZ has just rented the last free accommodation in its Serbian STOP SHOP portfolio, reaching an occupancy rate of 100%. The new and last tenant is DexyCo at STOP SHOP Borča. IMMOFINANZ, the leading listed commercial real estate investor in Central and Eastern Europe, now has approximately 122,300 m² of fully leased commercial space at 14 sites across Serbia.

This milestone marked the sixth year of IMMOFINANZ’s successful operations in Serbia. The company has opened 14 STOP SHOP retail parks since 2015, with the aim of bringing global trends to the local population in Čačak, Lazarevac, Niš, Požarevac, Vršac, Valjevo, Sremska Mitrovica, Borča, Smederevo, Subotica, Leskovac, Šabac , Sombor and Zaječar. An initial investment of 60 million euros amounted to approximately 150 million euros at the time of the latest acquisitions.

“We are very proud to have reached this important milestone in Serbia with our STOP SHOP brand. This proves once again that our focus on low rental and operating costs, affordable convenience products and our active and consistent communication with our tenants throughout the pandemic have been the recipe for success. Our premises are appreciated by tenants and our STOP SHOP retail park concept has proven to be a successful and crisis-resistant format ”, declared Gerald Grüll, Retail Manager at IMMOFINANZ.

With social distancing measures remaining in place, easily accessible shopping parks are becoming increasingly popular shopping destinations. They have remained a safe place to shop as visitors can enter stores directly from the parking lots, keeping the necessary distance during their shopping experience. STOP SHOPs have also responded to the need for more affordable products in times of crisis, offering a wide range of products with compelling cost-benefit ratios for price-conscious families. As a result, the frequency of visitors to these business parks in Serbia quickly returned to pre-crisis levels.

The STOP SHOP portfolio covers 100 * sites in nine countries with nearly 750,000 m² of rental space. Other acquisitions and internal development projects are currently in preparation, with the objective of expanding in the medium term to 140 STOP SHOP locations. The focus is on the EEC, South Eastern European and Austrian markets and selective entry into other Western European countries.

Details on the STOP SHOP wallet
STOP SHOP is the IMMOFINANZ brand for retail parks in Central and Eastern Europe. They are local suppliers with a catchment area of ​​30,000 to 150,000 inhabitants and offer a wide range of products with a good quality / price ratio. With efficient transport links as well as ample parking, they focus on price-conscious “smart shoppers” who appreciate easy accessibility. IMMINANZ’s STOP SHOP portfolio, comprising the most recent purchases in Serbia, Croatia, Austria and the Czech Republic, covers 99 retail parks in nine countries: Slovakia (16 STOP SHOP), Slovenia (14), Hungary (14), Austria (13), Serbia (14), Czech Republic (12), Poland (10), Croatia (4), Italy (1) and Romania (1) from September 2021.

* including current development in Zielona Gora, Poland

Disclaimer

Immofinanz AG published this content on 06 October 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on 06 October 2021 04:15:06 PM UTC.

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