Corporate | 5 November 2015 12:02
DGAP-News: IMMOFINANZ AG / Key word(s): Real Estate/Miscellaneous
2015-11-05 / 12:02
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IMMOFINANZ has successfully completed and opened another shopping center in
Poland under its VIVO! retail brand. The first stage of the VIVO! Stalowa
Wola has approx. 22,500 sqm of rentable space for roughly 80 shops. The
tenants include well-known retailers like Intermarché, H&M, Deichmann,
Media Expert, LPP Group and many more. Today, Thursday, marked the official
opening, which was attended by representatives of the city government,
IMMOFINANZ, the development partner Acteeum Group and the general
contractor Erbud. The investment costs for both sections are expected to
total approx. EUR 44 million. Construction on the second section is
scheduled for completion in summer 2016 and will add a further 10,000 sqm
of rentable space.
"With VIVO! we have established a retail brand whose size, focus and
offering are ideal for medium-sized cities with a catchment area of at
least 200,000 residents. The focus here is on fashion and entertainment
with strong anchor tenants", explained IMMOFINANZ COO Dietmar Reindl at the
opening. "Our plans call for the further expansion of VIVO! as well as our
STOP.SHOP. retail park chain in Central and Eastern Europe."
Stalowa Wola is located in the south-eastern region of Poland in the
Carpathian Foothills administrative district. The city is an important hub
and employer for the region, and the catchment area has nearly 400,000
residents. VIVO! Stalowa Wola stands out not only with its location in the
heavily populated neighbourhood of Poreba, but is also easily reached by
public transportation and offers good connections to the road network.
Visitors to the shopping center have roughly 1,000 parking spaces at their
disposal. IMMOFINANZ is realising VIVO! Stalowa Wola together with the
Acteeum Group, a retail project specialist (shareholdings: 86% IMMOFINANZ
Group, 14% Acteeum Group).
IMMOFINANZ completed and opened its VIVO! shopping center in the Polish
city of Piła during October 2014. In its first year, the shopping center
saw roughly three million visitors.
On IMMOFINANZ
IMMOFINANZ is a commercial real estate company whose activities are focused
on the retail and office segments of eight core markets in Europe: Austria,
Germany, Czech Republic, Slovakia, Hungary, Romania, Poland and Moscow. The
core business includes the management and development of properties. The
company has a real estate portfolio of approx. EUR 6.6 billion that covers
more than 440 properties. IMMOFINANZ is listed on the stock exchanges in
Vienna (leading ATX index) and Warsaw. Further information under:
http://www.immofinanz.com
For additional information please contact:
Bettina Schragl
Head of Corporate Communications and Investor Relations
IMMOFINANZ
T +43 (0)1 88 090 2290
M +43 (0)699 1685 7290
communications@immofinanz.com
investor@immofinanz.com
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2015-11-05 Dissemination of a Corporate News, transmitted by DGAP - a
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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: Regulated Unofficial Market in Berlin, Munich, Stuttgart;
Open Market in Frankfurt ; Wien (Amtlicher Handel /
Official Market)
End of News DGAP News Service
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