Source: eKapija | Tuesday, 22.12.2020.| 08:42
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Immofinanz to Open Another Four Shopping Centers in Serbia – New Retail Parks in Leskovac, Sabac, Sombor and Zajecar

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The Austrian company Immofinanz has announced that it would open another four shopping centers in Serbia. New retail parks in Serbia will be located in Leskovac, Sabac, Sombor and Zajecar, with around 28,200 square meters of rent space, and the job is expected to be contracted in the first quarter of 2021.

In addition to four new retail parks in Serbia, Immofinanz has bought another two in the Czech Republic from the company Mitiska REIM, a Belgian investor which specializes in this kind of commercial real estate.

Furthermore, Immofinanz has also acquired a retail park of around 5,500 square meters in Voitsberg, Austria, in the fourth quarter of 2020. The portfolio in Croatia will be expanded by another facility in the town of Ludbreg.

– Our plans include a medium-term increase to 140 STOP SHOP locations, whereby we intend to focus on the markets of Central and Eastern Europe, Southeast Europe and Austria, as well as a selective entry into the markets of other Western European countries – said Dietmar Reindl, COO of Immofinanz.

In Serbia, Immofinanz owns 10 shopping centers, on an area of around 100,000 square meters.
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