Immofinanz opens Silesia City Centre's extension

Austrian listed property group opened the extension this week to its Silesia City Center retail scheme in the Silesia region of Poland.

The development project added some 20,000 m² of space to the existing shopping centre, involving a cost of some EUR 50 mln and representing a fair value of more than EUR 100 mln.

'Strong and continuous interest from national and international retailers in additional space, impressive visitor statistics combined with the potential of a dynamically growing economy and the high purchasing power of Silesia were the decisive factors for our decision to extend the Silesia City Center,' commented CEO Eduard Zehetner.

The new retail space was fully pre-let to national and international retailers including Van Graaf, H&M, Smyk Megastore, Cubus and KappAhl. Today Silesia City Center ranks among the top five shopping centres in Poland by retail space with a selling area of 86,000 m² accommodating 310 shops.