Immofinanz retail properties report 16.7% increase in visitors in 2018
Immofinanz reported 142 million people visited its Stop Shop retail parks and VIVO shopping centers last year, up 16.7 percent from the previous year. As a result, sales revenue at these properties, totaling 800,000 sqm of retail space, increased by 5 percent. Tenants include H&M, C&A, dm, Takko, JYSK, LPP, Inditex group, CCC, Pepco, New Yorker. Immofinanz’s main markets are Austria, Germany, Poland and the Czech Republic, but the company is making inroads into the SEE region, with two new Stop Shop openings in Serbia last year. The parks in Pozarevac and Vrsac total 15,500 sqm and are fully leased. Immofinanz also acquired eight retail parks in Serbia, Slovenia and Croatia in 2018. The company operates 80 Stop Shop parks, totaling 564,000 sqm, in nine countries. Its VIVO portfolio includes 10 properties, totaling 304,000 sqm.