Immofinanz prepares to launch its third Vivo stop-shop in the town of Krosno. Worth about €34m, the investment is going up on a 6 ha site, with Hochtief selected to oversee the construction. The 21,000 sqm shopping center is due for completion in the fourth quarter of 2017. The list of tenants include Media Markt, H&M and Helios.
The investment is a part of the company’s strategy to build a regional portfolio of Vivo stores in medium and small-sized cities. “A high degree of standardisation allows for cost efficiency and synergies for our tenants, and also for us as the landlord,” said Dietmar Reindl, COO of Immofinanz.
