The shopping centers and retail parks owned by the Austrian property group Immofinanz were visited by 120 million people in 2017. Its shopping centers, which trade under the VIVO! Brand, saw an increase last year of nearly 5 percent to 50 million visitors. Its STOP SHOP retail parks attracted 70 million customers, in part by expanding from a network of 58 parks to 70. The largest tenants in the retail sector include international top brands like H&M, C&A, Deichmann, KiK, dm, Takko, JYSK, LPP, the Inditex Group and Spar.
Dietmar Reindl, COO of Immofinanz, says tenants appreciate having standardized shopping formats in eight countries. The VIVO! brand now includes ten locations in four countries with roughly 310,000 sqm of rentable space and an occupancy rate of 96.8%. The 70 STOP SHOPs are located in eight countries, have roughly 484,000 sqm of rentable space and an occupancy rate of 97.9%. The two brands are present in the Czech and Slovak markets as well as Poland, Hungary, Austria, Slovenia and Romania.
