IMMOFINANZ, Austrian real estate developer, began the construction of STOP SHOP retail park in Požarevac on the 21st of November and is scheduled to open its doors to the public in April 19, 2018.
The construction of a new retail park is the first direct foreign investment in Požarevac in ten years and equals to approximately 10 million EUR.
Located on Đure Đakovića Street, STOP SHOP Požarevac will enjoy direct access to the main highway.
In the first phase, the project will encompass 7,200 sqm of leasable space, offering 16 retail units. According to the investor, the second construction stage will add an additional 3,000 sqm of retail space in the future.
About STOP SHOP
STOP SHOP is IMMOFINANZ’ s retail park brand in the Central Eastern Europe (CEE) region. Envisioned as regional shopping centers, STOP.SHOP retail parks are situated in prime locations with catchment areas of between 30,000 and 150,000 inhabitants.
Featuring good transport connections and strong local and international tenants such as CCC, Takko, Deichmann and C&A, the STOP.SHOP retail schemes target price-conscious “smart shoppers” who look for easy-to-reach locations.
At present, IMMOFINANZ operates more than 70 STOP.SHOP properties in eight countries: Austria, Germany, the Czech Republic, Serbia, Croatia, Hungary, Poland and Romania.