On October 6, 2021, Austrian company Immofinanz announced that it had leased 100% of its 14 retail park portfolio in Serbia.
According to the company, the retail surface totals around 122,300 square meters, and the company started operations in Serbia in 2015. The total investment has been roughly EUR 150 million.
“We are very proud that we reached this significant milestone in Serbia with our STOP SHOP brand,” stated Immofinanz Head of Retail Gerald Grull. “This proves one more time that our focus on low rental and operating costs, affordable convenience products, and our active consistent communication with our tenants throughout the pandemic were the recipe to success. Our premises are beloved among tenants and our STOP SHOP retail park concept proved to be a successful and crisis-resilient format.”
