Corporate | 14 April 2011 10:50
IMMOFINANZ AG / Key word(s): Miscellaneous
14.04.2011 / 10:50
IMMOFINANZ Group opens tenth retail park in Slovakia
STOP.SHOP., an IMMOFINANZ Group umbrella brand for specialty shopping
centres in Central Europe, continued its steady growth with today's opening
of the tenth retail park in Slovakia, the STOP.SHOP. Dolný Kubín. The
IMMOFINANZ Group realised this project in a joint venture with the
international property developer EYEMAXX.
The newly opened STOP.SHOP. is located in the city of Dolný Kubín, in the
centre of the Orava region in northern Slovakia. This retail park is
situated close to the city centre at the major traffic crossroads of Dolný
Kubín. The catchment area of this 5,800 sqm shopping mall has a population
of more than 57,800 within roughly 15 minutes driving time. The occupancy
rate on the opening date is currently 82%. The tenant mix comprises
international and national brands such as Planeo, Intersport, KiK, Gate,
Takko, Deichmann, Dracik and dm drogerie, and negotiations with other
potential well-known tenants are currently in progress. 'The further
expansion of the STOP.SHOP. retail park chain is an important part of our
strategy for 2011/12. Our goal is to create a uniform branding for our
specialty shopping centres in Eastern Europe and Austria, and to combine
all these locations into a 'STOP.SHOP.' business segment', explained Eduard
Zehetner, CEO of the IMMOFINANZ Group.
Flexible concept at locations with good traffic connections
The flexible concept of the STOP.SHOP. brand is based on regional shopping
centres at central locations in catchment areas with a population of 30,000
- 150,000. The rentable space ranges from 5,000 sqm to 15,000 sqm, and
offers visitors adequate parking, optimal connections to the traffic
network and high functionality through an attractive mix of international
and local tenants. In November 2010 the IMMOFINANZ Group opened two
STOP.SHOP. retail parks with a combined total of 16,200 sqm of rentable
space in Slovakia. The East European STOP.SHOP. portfolio currently
comprises 34 retail parks in 5 countries.
The retail market in Slovakia
Slovakia recorded strong growth of 4% and a sound bilateral trading volume
in the fourth quarter of 2010. Economic forecasts for 2011 are pointing to
an increase of 3%. The expected decline in unemployment should support an
increase of 3.6% in private consumption this year.
According to the international property service provider King Sturge,
approx. 235,000 sqm of new retail space were completed in 2010 and a
further 160,000 sqm should follow in 2011.
With its STOP.SHOP.s, the IMMOFINANZ Group has set a new standard for
specialty shopping centres in Slovakia. Steady revenue growth of 5% per
year for the retail chains located in the STOP.SHOP. retail parks as well
as positive feedback from the international and national tenants confirm
the success of the STOP.SHOP. concept.
Contact:
Simone Korbelius
Investor Relations & Corporate Communications
IMMOFINANZ AG
A-1100 Vienna, Wienerbergstraße 11
Tel.: +43 (0) 5 7111 - 2315
Fax: +43 (0) 5 7111 - 8315
investor@immofinanz.com
www.immofinanz.com
Press-Coordination:
Hieronymus Tupay
ACCEDO Austria GmbH
Tel.: +43 1 533 87 00 - 23
Hieronymus.Tupay@accedogroup.com
End of Corporate News
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Language: English
Company: IMMOFINANZ AG
Wienerbergstraße 11
1100 Wien
Österreich
Phone: +43 (0) 5 7111 - 2291
Fax: +43 (0) 5 7111 - 8291
E-mail: investor@immofinanz.com
Internet: http://www.immofinanz.com
ISIN: AT0000809058
WKN: 911064
Listed: Freiverkehr in Berlin, München, Stuttgart; Open Market in
Frankfurt; Wien (Amtlicher Handel / Official Market)
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