IMMOFINANZ, one of the largest real estate investors in the region, has just leased the last free unit in its Hungarian STOP SHOP portfolio, reaching a 100 percent occupancy rate. The newest and last tenant is Sportisimo in STOP SHOP Keszthely. IMMOFINANZ now has roughly 136,000 sqm of fully leased retail space in 14 locations across Hungary.
This milestone has marked more than 20 years of the successful 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.
“This is a significant milestone in Hungary, and I’m very proud that our team reached this with our STOP SHOP brand. This proves that the concept works fine and our focus on low rental and operating costs, and the combination of easily accessible locations of local supplies and enjoyable shopping experience and lifestyle make the local STOP SHOP parks very popular amongst customers and tenants as well”, said Ottó Vörös, Country Manager Finance & Support, IMMOFINANZ Hungary.
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, with the aim to expand to 140 STOP SHOP locations over the medium term. The focus is on markets in CEE, Southeast Europe, and Austria and selective entry into other West European countries.