Stop Shop portfolio reaches 100% occupancy in Hungary

17
May
2022
News - Stop Shop portfolio reaches 100% occupancy in Hungary #Hungary #Immofinanz #retail park #Stop Shop

by Property Forum | Retail

Immofinanz has just leased the last free unit in its Hungarian Stop Shop portfolio, reaching a 100% occupancy rate. The newest and last tenant is Sportisimo in Stop Shop Keszthely. The company has roughly 136,000 sqm of fully leased retail space in 14 locations across Hungary. 


This milestone has marked more than 20 years of operations of Immofinanz in Hungary. The company has opened 14 Stop Shop retail parks since 2002, aiming to bring global trends to the local population in Budapest, Békéscsaba, Debrecen, Érd, Gödöllő, Hatvan, Keszthely, Miskolc, Nagykanizsa, Nyíregyháza, Szolnok and Veszprém.

The biggest tenants in the Hungarian Stop Shop parks include popular brands such as SPAR, KiK, Takko, CCC, Deichmann, Müller, dm and Media Markt. As the interest in electric cars or plug-in hybrid vehicles is growing significantly in Hungary and more public recharging points are needed, Immofinanz recently has installed and delivered more than 100 electric charging points across the entire Stop Shop network in Hungary, expanding further its local service portfolio. 

The Stop Shop portfolio covers already 101 locations in ten countries with nearly 790,000 sqm of rentable space. Further acquisitions and internal development projects are currently in preparation to expand to 140 Stop Shop locations over the medium term.




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  • mBank, the digital banking company in Poland, has decided to relocate its largest corporate branch in Lower Silesia to the Infinity office building in Wrocław. The company will occupy nearly 1,300 sqm on the fourth floor of the building. The tenant will move into the development owned by Avestus Real Estate and Alchemy Properties in January 2027.
  • GSP Global Solutions Provider has further expanded its cooperation with CTP by leasing an additional nearly 7,000 sqm in CTPark Budapest Vecsés on a long-term basis.
  • Lighting solutions provider Luxiona has secured 430 sqm of office space at the Warsaw-based Greenwings Offices complex. The site will serve as the company's Polish HQ and a dedicated showroom for its lighting range. Axi Immo represented the tenant in the transaction.

New appointments

  • Krzysztof Wróblewski (MRICS) has been named Head of Portfolio Management CEE at Peakside Capital Advisors, responsible for overseeing investments and managing the real estate portfolio. He succeeds Christopher Smith in this role.
  • Garbe Industrial is reorganising its senior leadership team. CEO Christopher Garbe will now focus on strategic orientation and international activities. Jan Philipp Daun assumes leadership of the Development division alongside his existing Investment and Joint Venture responsibilities. Andrea Agrusow expands her remit to include Portfolio Management while retaining control of Commercial and Real Estate Management. Additionally, Michael Marcinek and Maik Zeranski will now jointly head the restructured Development unit as Management Board Members, succeeding Adrian Zellner.
  • CPI Property Group is strengthening its leasing structure with the appointment of Agnieszka Baczyńska as Head of Leasing. In her new role, she will be responsible for shaping and executing the leasing strategy across the group’s office and retail portfolio in Poland. At the same time, Izabela Potrykus has been appointed Leasing Office Director. Baczyńska brings more than 20 years of experience in the commercial real estate market. Prior to joining CPI Property Group in 2022, she served as International Leasing Director at Neinver Polska.


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