Retailer demand for physical store space will remain steadfast throughout a number of key retail markets over the next five years, with the Health and Beauty sector leading the way in driving future growth requirements according to global real estate advisor CBRE
IMMOFINANZ is driving the expansion of its successful 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%
IMMOFINANZ has opened two further retail parks in its STOP SHOP brand. The STOP SHOP portfolio has now grown to 72 locations with roughly 500,000 sqm of rentable space in eight countries. The new properties are located in the Serbian cities of Požarevac (7,200 sqm) and Vršac (8,250 sqm). Both locations are 100% rented. The tenants include, among others, LC Waikiki, Reserved, Sinsay, CCC, Deichmann and DM.
Early in 2018 CBRE wins the management of further 10 properties (industrial and shopping centres and an office building) in Budapest. The Budapest office of the world’s leading real estate advisor now manages 600,000 sqm of portfolio in Hungary.
More than 120 million customers visited IMMOFINANZ’s retail properties in 2017. These properties are branded as STOP SHOP and VIVO! and have roughly 800,000 sqm of rentable space in total.
Although offices still comprise the majority of certified green buildings in Hungary, other types of properties are increasingly being certified, according to Colliers International’s latest Green building market report.
Hungary’s leading property company, WING Zrt, has acquired a retail portfolio which includes the EuroCenter Óbuda Shopping Center as well as two properties in the regional city of Szombathely.
Shopping Centres of the future will become just ‘centres’ and will reinvent themselves as mixed-use destinations. Healthcare, educational and leisure facilities will all become a fundamental part of the shopping centre, according to new insights from the Future of Retail 2030, by the world’s leading real estate services firm, CBRE.
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