Sponsored Content

Immofinanz Acquires Eight Shopping Centres in Slovenia, Serbia and Croatia

Central- & Eastern Europe › Poland ♦ Published: November 15, 2018; 10:45 ♦ (Vindobona)

Sponsored Content

The real estate company Immofinanz has purchased eight retail parks in Slovenia, Serbia and Croatia. The aim is to drive forward the expansion of their retail park brand Stop Shop. The purchase price totals approximately EUR 90.5 million.

These additional eight purchases increase Immofinanz’s Stop-Shop portfolio to 80 locations in nine countries with over 567,000 sqm of rentable space and a carrying amount of approx. EUR 800 million. / Picture: © IMMOFINANZ AG / STOP SHOP / Pozarevac HR

Immofinanz is driving the expansion of its Stop-Shop retail park brand and has now purchased eight retail parks in Slovenia, Serbia and Croatia.

The purchase price totals approximately EUR 90.5 million.

The newly acquired properties are fully rented and generate annual rental income of roughly EUR 7.2 million, which represents a gross return of 8.0%.

These…