Hungarian investor Appeninn Holding has signed contracts to buy the Kanizsa Centrum shopping centre in the southwestern city of Nagykanizsa and two strip malls (Zone Parks) in Székesfehervar and Zalaegerszeg. By acquiring these commercial properties the firm may comply with conditions made by Scope Ratings and thus hopes to get a higher rating.
Appeninn Holding has signed contracts to buy the Kanizsa Centrum shopping centre in the southwestern city of Nagykanizsa and two strip malls (Zone Parks) in Szekesfehervar and Zalaegerszeg. Financial details were not disclosed. The transactions are considered an important step towards widening the firm's core business portfolio.
Kanizsa Centrum opened in 2007 offers 20,779 sqm of retail space and has a very low (6,5%) vacancy rate. Major tenants are Intarspar, Pepco, DM, Sinsay and H&M. The performance of Zone Parks is even better, there are only 2,5% and 1,2% of vacant space in Szekesfehervar and Zalaegerszeg respectively. Both malls host international retail chains such as New Yorker, C&A, CCC, Deichmann, DM, H&M and others.
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