Country News
STOP SHOP placeholder image 4.jpg
17.05.2022 13:03

STOP SHOP portfolio reached 100% occupancy in Hungary: Fully leased retail parks in 14 locations

IMMOFINANZ, one of the largest real estate investors in Central Europe, has just leased the last free unit in its Hungarian STOP SHOP portfolio, thereby reaching 100% occupancy rate. The latest and last tenant is the sports equipment specialist Sportisimo in STOP SHOP Keszthely. IMMOFINANZ, now has roughly 136,000 sqm of fully leased retail space in 14 locations across Hungary.

This milestone has marked more than 20 years of successful operations of IMMOFINANZ in Hungary. The company has opened 14 STOP SHOP retail parks since 2002, aiming to bring a unique shopping experience at affordable prices to the local population in Budapest, Érd, Veszprém, Nyíregyháza, Békéscsaba, Miskolc, Gödöllő, Debrecen, Nagykanizsa, Keszthely, Szolnok and Hatvan.

The biggest tenants in the Hungarian STOP SHOP parks include popular brands such as SPAR, KiK, Takko, CCC, Deichmann, Müller, dm and Media Markt. As the interest in electric cars and plug-in hybrid vehicles is growing significantly in Hungary and more public recharging points are needed, IMMOFINANZ has recently installed more than 100 electric charging stations across the entire STOP SHOP network in Hungary, expanding further its local service portfolio.

Details on the STOP SHOP portfolio

The STOP SHOP portfolio covers already 101 locations in ten countries with nearly 790,000 sqm of rentable space. Further acquisitions and internal development projects are currently in preparation, with the aim to expand to 140 STOP SHOP locations over the medium-term. The focus is on markets in CEE, Southeast Europe, and Austria and selective entry into other West European countries.