Vienna and Warsaw-listed Immofinanz has reached the milestone of 10 shopping centres operating under the VIVO! brand.
The latest has just opened in the southeastern Polish city of Krosno. VIVO! Krosno comprises 21,000 m2 of rentable space and is fully occupied.
The VIVO! portfolio now consists of 10 assets and 314,000 m2 of rentable area, located in Poland, the Czech Republic, Romania and Slovakia.
'Poland was the starting point for our VIVO! success story. We opened the first VIVO! shopping center in the Polish city of Pila during 2014 and have since rolled out the brand to further retail locations in our core countries“, explained Oliver Schumy, CEO of IMMOFINANZ. “Our VIVO! shopping centers currently generate more than 20% of our total rental income and, consequently, provide stable support for our portfolio.“
Nearly 70 national and international tenants are represented in the VIVO! Krosno including, among others, H&M, Media Markt, Cropp, House, Resevered, Sinsay, Frac, Pepco, JYSK, Deichmann, CCC, Martes Sport and Rossmann. The shopping centre also includes a movie theater and 700 parking spaces.
The city of Krosno is located in the south of Poland and has 50,000 residents as well as a low unemployment rate. The entire catchment area has almost 350,000 residents. Extremely favourable traffic connections make the shopping center quickly and easily accessible from both the city center and the surrounding region.
