ARTICLES LABELLED WITH TAG Stop Shop

Immofinanz Group posted a net profit of €50.9 million in the first nine months of 2024, recovering from a loss of €105.9 million in the same period of last year, over higher rental income and additional sales of assets.

The first Stop Shop retail park was opened in Budapest in 2002, followed by several shopping centres in the capital and the countryside. Today the portfolio has expanded to 14 locations nationwide offering 137,000 sqm retail space. 

Immofinanz has opened its eleventh Stop Shop strip mall in Poland. It is located in Zielona Góra, close to the German border.

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. 

Immofinanz is following its market entry in Italy with the expansion of its Stop Shop retail park brand across the Adriatic region in line with the corporate strategy. In Croatia, plans call for an increase in the number of Stop Shops from the current level of 4 to more than 20 locations over the medium term. The completion of a newly developed Stop Shop and the expansion of an existing location is scheduled for the first half of 2022. Detailed market and location analyses indicated high demand by the Croatian population for decentralised, local supplies. This conclusion led to a decision by Immofinanz to secure 22 sites in medium-sized Croatian cities for the development of Stop Shop retail parks. The purchase price for these sites totals approximately €80 million.

After receiving the building permit for STOP SHOP Zielona Góra, IMMOFINANZ, the owner of the STOP SHOP retail park brand, chose Mirbud as the general contractor for this project. The construction site was officially taken over by the contractor and construction works have started. The opening of the retail park with a total of 12 stores on nearly 6,700 sqm of space available for lease is planned for spring 2022.