by Property Forum | Retail

Immofinanz has completed and opened a further shopping centre under its Vivo! retail brand in the Polish city of Krosno. Vivo! Krosno has approx. 21,000 sqm of rentable space and is fully occupied. This shopping centre expands Immofinanz‘s Vivo! portfolio to ten locations in four countries with more than 314,000 sqm of rentable space.


“We opened the first Vivo! shopping centre in the Polish city of Pila during 2014 and have since rolled out the brand to further retail locations in our core countries“, explained Oliver Schumy, CEO of Immofinanz. “Our Vivo! shopping centres currently generate more than 20% of our total rental income and, consequently, provide stable support for our portfolio.“
 
Nearly 70 national and international tenants are represented in the Vivo! Krosno including, among others, H&M, Media Markt, CROPP, House, RESERVED, SiNSAY, FRAC, Pepco, JYSK, Deichmann, CCC, Martes Sport and Rossmann. The shopping centre also includes a movie theatre and roughly 700 parking spaces.
 
With a broad shopping and entertainment offering plus restaurants under a single roof, the Vivo! Krosno fills free market capacity in the region. The city of Krosno is located in the south of Poland and has approx. 50,000 residents as well as a low unemployment rate. The entire catchment area has almost 350,000 residents.
 
For Immofinanz, the Vivo! Krosno is the second retail property opening this month. A Stop Shop retail park with roughly 10,100 sqm of rentable space opened in the Serbian city of Lazarevac roughly 14 days ago. This facility is also fully occupied. Immofinanz‘s Stop Shop portfolio now includes 68 locations in eight countries with approx. 466,000 sqm of rentable space.