Corporate | 17 October 2014 13:36
DGAP-News: IMMOFINANZ AG / Key word(s): Real Estate
17.10.2014 / 13:36
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In the Polish city of Piła, IMMOFINANZ Group has completed the first
shopping center in its new VIVO! retail brand. This weekend marks the
opening of roughly 24,000 sqm of selling space with well-known tenants that
include Carrefour, H&M, Deichmann, Media Expert, Reserved, LPP and many
more. This first VIVO! shopping center currently has an occupancy rate of
91%. The investment for IMMOFINANZ Group amounted to roughly EUR 32.0
million (approx. PLN 134.7 million).
"VIVO! represents a new brand for the retail sector, which we are
positioning between our established STOP.SHOP. retail warehouse concept, on
the one side, and our large shopping centers, on the other side, with
respect to size, orientation and offering. Poland is one of our key markets
and the current focus of our retail development activities. As a next step,
we are planning the further roll-out of VIVO! in Poland", indicated Eduard
Zehetner, CEO of IMMOFINANZ Group. The second VIVO! shopping center is
under construction in Stalowa Wola - a city in the south-west of Poland -
and is scheduled to open during the third quarter of 2015.
The characteristic features of the VIVO! concept include single-storey
construction and a focus on fashion and entertainment with strong anchor
tenants. The VIVO! concept is well-suited, above all, for secondary cities
in the CEE region with a population of 40,000 to 100,000 and a catchment
area of at least 200,000 persons.
The VIVO! shopping center in Piła is located near the downtown area and,
with its close proximity to the railway station and the national bus
station, is well integrated in the public transportation network - 700
parking spaces are also available on site. IMMOFINANZ Group took over this
retail property from the Polish developer Rank Progress and finalised the
sale at the end of August. As the new owner IMMOFINANZ also changed the
name of the shopping center: the former "Galeria Piła" was transformed into
"VIVO! Piła".
The following well-known tenants, among others, will join this first VIVO!
location: Carrefour, H&M, Reserved, House, CroppTown, Mohito, Sinsay, Media
Expert, Deichmann, CCC, Carry, Lee-Wrangler, 4F, Levi's-Mustang, Hebe, Gino
Rossi, Ryłko, Calypso fitness Club, Martes Sport, Empik and Smyk. Rentals
have already reached 91% of the available units.
The official part of the opening ceremony took place today with
representatives of the Piła city government, IMMOFINANZ Group and Rank
Progress. Up to Sunday the opening-programme will include a number of
further highlights.
On IMMOFINANZ Group
IMMOFINANZ Group is one of the leading listed property companies in Europe.
The company is included in the leading ATX index of the Vienna Stock
Exchange and also trades on the Warsaw Stock Exchange. Since its founding
in 1990, the company has compiled a high-quality property portfolio that
now comprises more than 470 investment properties with a carrying amount of
approx. EUR 6.9 billion. As a "real estate machine" the company
concentrates on linking its three core business areas: the development of
sustainable, specially designed prime properties in premium locations, the
professional management of these properties and cycle-optimised sales.
IMMOFINANZ Group concentrates its activities in the retail, office and
logistics segments of eight regional core markets: Austria, Germany, Czech
Republic, Slovakia, Hungary, Romania, Poland and Russia. Further
information under: http://www.immofinanz.com / http://blog.immofinanz.com /
http://properties.immofinanz.com
For additional information please contact:
MEDIA INQUIRIES
Bettina Schragl
Head of Corporate Communications | Press Spokesperson
IMMOFINANZ Group
T +43 (0)1 88 090 2290
M +43 (0)699 1685 7290
communications@immofinanz.com
INVESTOR RELATIONS
Stefan Schönauer
Head of Corporate Finance & Investor Relations
IMMOFINANZ Group
T +43 (0)1 88 090 2312
M +43 (0)699 1685 7312
investor@immofinanz.com
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Language: English
Company: IMMOFINANZ AG
Wienerbergstraße 11
1100 Wien
Austria
Phone: +43 (0) 1 88090 - 2291
Fax: +43 (0) 1 88090 - 8291
E-mail: investor@immofinanz.com
Internet: http://www.immofinanz.com
ISIN: AT0000809058
WKN: 911064
Listed: Freiverkehr in Berlin, München, Stuttgart; Frankfurt in
Open Market ; Wien (Amtlicher Handel / Official Market)
End of News DGAP News-Service
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