Country News
16.11.2015

IMMOFINANZ starts the construction of STOP SHOP Szczytno

IMMOFINANZ has officially begun, in the city of Szczytno, the construction of its sixth retail park under the umbrella brand STOP SHOP in Poland. The new retail property will comprise nine stores with a total leasable area of approx. 3,600 sqm. The opening is scheduled for spring 2016.

STOP SHOP in Szczytno will be located in the immediate vicinity of a Kaufland supermarket. The catchment area of this facility has a population of more than 60,000 residents living within a 30 minute drive. IMMOFINANZ intends to offer the future visitors to STOP SHOP in Szczytno, similarly to other retail parks, a well-balanced and interesting tenant mix, including local, national and international brands.

"Szczytno fits perfectly with our concept of STOP SHOP retail parks. The interest in Szczytno is also confirmed by the tenants themselves. Although we just launched the project, a number of agreements are already at the signing stage,” commented Jacek Wesolowski, Country Manager Development Poland, IMMOFINANZ.

The flexible concept of the STOP SHOP brand is based on regional shopping centers in central locations with catchment areas of 30,000 to 150,000 residents. The rentable areas range from 3,000 sqm to 15,000 sqm in size and offer visitors ample parking, optimal access to the transportation network and high functionality through an attractive tenant mix of international and national retailers.

The IMMOFINANZ STOP SHOP portfolio currently includes 53 retail facilities in seven countries. In Poland four have been opened to date, in Legnica, Mława, Kętrzyn and Żary. A fifth is currently being built in Świnoujście.