Corporate News
Corporate News

IMMOFINANZ Group opens Tarasy Zamkowe shopping center in Lublin

IMMOFINANZ Group has completed a further retail project in Poland: the Tarasy Zamkowe shopping center, which is located in the center of Lublin, was officially opened in a gala ceremony today. On 38,000 sqm of space, it provides a combination of shopping, entertainment, relaxation and leisure time activities – and all this with a balanced tenant and branch mix. The investment costs totalled approx. EUR 115 million.

“One of our current focal points for our development activities are retail projects in Poland. The opening of Tarasy Zamkowe not only sets a further milestone, it is also an excellent example of our business model – the real estate machine. Following the highly profitable sale of the Silesia City Center in Katowice during 2013, we have increased our retail space in Poland by more than 71,000 sqm. And further projects in our STOP SHOP and VIVO! brands are currently under construction or in preparation“, commented Eduard Zehetner, CEO of IMMOFINANZ Group.

The opening ceremony for Tarasy Zamkowe was attended by representatives of IMMOFINANZ Group, the city government, the general contractor Warbud and the architecture firm Stelmach I Partnerzy.

Tarasy Zamkowe provides space for 150 retail companies, restaurants, a number of cafés and snack bars as well as parking for 1,400 cars on three levels. It can also be easily reached by public transportation or bicycle and even on foot. In addition to the 350,000 residents of Lublin, the catchment area covers roughly one million people.

Numerous well-known international and local retailers are represented in Tarasy Zamkowe, including the Inditex Group with all its brands (Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home), the LPP Group (Reserved, Cropp, House, Sinsay, Mohito, Home&You, á Tab), H&M, Media Expert, Delikatesy Alma, Super-Pharm, Rossmann Premium, !con Fitness (managed by Holmes Place), CARRY and Swarovski.

Unique award for sustainable construction
The design of Tarasy Zamkowe combines unique architecture with high ecological standards. The green areas on the building’s roof are a special highlight: grassy fields, lots of plants, walkways and lookout points – the most spectacular vantage point gives visitors a unique view of the old city and the historical castle. Public areas at the corners of the shopping center provide quiet space and settings for events. This sustainable approach has been internationally recognised: in autumn 2014, Tarasy Zamkowe became the first shopping center in Poland to receive the “BREEAM Excellent certificate for the design stage“.

Caption for the photos:

Photo 1 f.l.t.r.: Dietmar Reindl (COO IMMOFINANZ Group), Bolesław Stelmach (Stelmach i Partnerzy), Oliver Schumy (Board Member IMMOFINANZ Group), Mirosław Józefczuk (Board Member Warbud), Krzysztof Żuk (Mayor of the City of Lublin), Eduard Zehetner (CEO IMMOFINANZ Group)

Photo 2 f.l.t.r.: Krzysztof Żuk (Mayor of the City of Lublin), Eduard Zehetner (CEO IMMOFINANZ Group)