IMMOFINANZ announces three new STOP SHOP locations in Serbia
IMMOFINANZ is continuing the expansion of its STOP SHOP retail park chain in Serbia. Three new locations will be added in Požarevac, Lazarevac and Vršac, with a total of 23,800 sqm of rentable space. The individual projects are in different stages, but should all be completed before the end of 2017.
“So far, we have had three highly successful Serbian STOP SHOP openings in Čačak, Niš and Valejvo, with tens of thousands at the opening events. Since then, the shops are very well attended every day. On Group level, we currently have 67 retail parks in eight countries and our goal is to increase the number of STOP SHOPs to more than 100 over the coming years”, said Dietmar Reindl, COO of IMMOFINANZ.
STOP SHOP is IMMOFINANZ’s brand for retail parks in Central and Eastern Europe. The parks are attractive and practical local providers incorporating a range of retail outlets, offer a wide variety of products representing good value for money and have catchment areas of 30,000 to 150,000 residents. With efficient transport connections and extensive parking facilities, they are directed towards price-conscious “smart shoppers” looking for easy-to-reach locations.
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IMMOFINANZ – a publicly listed European commercial real estate group with focus on two asset classes: Office and retail in eight core markets.