Brief: Immofinanz Expands Presence In Croatia With Its European Retail Park Brand Stop Shop

CPI Europe AG

22/12/2021 08:34

Dec 22 (Reuters) - IMMOFINANZ AG  IMFI.VI :
    * EXPANDS SUCCESSFUL PRESENCE IN CROATIA WITH ITS EUROPEAN
RETAIL
PARK BRAND STOP SHOP
    * INVESTMENT VOLUME OF APPROXIMATELY EUR 250 MILLION FOR
DEVELOPMENT PROJECTS OVER NEXT FIVE YEARS, CONSTRUCTION HAS
ALREADY STARTED
    * COMPLETION OF A NEWLY DEVELOPED STOP SHOP AND EXPANSION OF
AN
EXISTING LOCATION ARE SCHEDULED FOR FIRST HALF OF 2022
    * EXPANSION OF LONG-STANDING PRESENCE ON ATTRACTIVE CROATIAN
MARKET
    * PURCHASE PRICE FOR THESE SITES TOTALS APPROXIMATELY EUR 80
MILLION
    * STOP SHOP PORTFOLIO IN CROATIA WILL INCREASE FROM CURRENT
LEVEL
OF FOUR TO MORE THAN 20 LOCATIONS OVER NEXT THREE TO FIVE YEARS

Source text for Eikon:  ID:nEQbhpysFa 
Further company coverage:  IMFI.VI 

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