DGAP-News: IMMOFINANZ AG: IMMOFINANZ Group boosts Silesia City Center's market position with the opening of a new and fully let extension
(firmenpresse) - DGAP-News: IMMOFINANZ AG / Key word(s): Real Estate/Miscellaneous
IMMOFINANZ AG: IMMOFINANZ Group boosts Silesia City Center's market
position with the opening of a new and fully let extension
12.10.2011 / 17:49
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IMMOFINANZ Group boosts Silesia City Center's market position with the
opening of a new and fully let extension
On 12 October 2011 IMMOFINANZ Group, the largest real estate investor and
developer in Austria and one of the five leading listed real estate
companies in Europe, opened the extension to its Silesia City Center - the
most important shopping centre in Silesia and one of the largest shopping
centres in Poland. From September 2010 to October 2011more than 20,000 sqm
of new rental space was created and additional parking spaces were added.
The development project was successfully realized in time and budget. The
total investment cost amounts to approximately EUR 50 million resulting in
a fair value of the extension of more than EUR 100 million.
'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 Eduard Zehetner, CEO of IMMOFINANZ Group. 'The
strategic benefits of the extension can be seen from two angles: On the one
hand, the growing demand of first-rate tenants for prime retail space can
now be met and, on the other hand, the future of this well-established
location is protected by strengthening the leading market position of
Silesia City Center with an increased offering of retail space and a larger
variety of goods and services.'
In connection with the Silesia City Center extension opening, the
IMMOFINANZ team and the local centre management scored a brilliant coup:
They succeeded in bringing Paris Hilton as a special guest to Katowice. The
official part of her visit started with a press conference on 12 October
2011 together with Eduard Zehetner and the mayor of Katowice, Piotr Uszok.
A VIP venue in the evening and the grand opening on October 13 are also on
Paris Hilton's agenda. The interest of national and international media,
radio and TV stations has been enormous, so was the enthusiasm of her fans.
Silesia City Center today
Over 800 people worked on the expansion of Silesia City Center, a project
that was headed by the IMMOFINANZ commercial development team. Prior to its
opening the Silesia City Center extension was fully let to top national and
international retailers like Van Graaf, H&M, Smyk Megastore, Cubus and
KappAhl. Unique brands that are new to the Silesian market, such as Guess
Denim, Tommy Hilfiger and La Mania, are also opening stores in the
extension. In addition to clothing chains, the new section of Silesia City
Center accommodates luxury brands like Calvin Klein Jeans, Pinko, Guess
Denim, Furla and Rolex, as well as restaurants and health&beauty
services.
Today Silesia City Center ranks among the top five shopping centres in
Poland and holds the leading position in Silesia and in Zag??bie with a
selling area of 86,000 sqm accommodating 310 shops. The wide variety of
national and internationals labels, including popular chains and high-end
brands, also makes Silesia City Center competitive with shopping centres in
Cracow, Warsaw and Wroc?aw, where Silesians often do their shopping. The
expanded mall will also be attractive for foreign customers. The growing
interest of the Czechs, Russians, Germans and Slovaks, who are frequent
shoppers in Silesia, will have a positive impact on the Silesia City
Center.
On IMMOFINANZ Group
IMMOFINANZ Group is one of the five largest listed property companies in
Europe and is included in the leading ATX index of the Vienna Stock
Exchange. Since its founding in 1990, the company has compiled a
high-quality property portfolio that now comprises more than 1,600 standing
investments with a carrying amount of approx. EUR 8.4 billion. The core
business of IMMOFINANZ Group covers the acquisition and management of
standing investments, the realisation of development projects and the sale
of properties. The business activities of IMMOFINANZ Group are concentrated
in the retail, office, logistics and residential segments of eight regional
core markets: Austria, Germany, Czech Republic, Slovakia, Hungary, Romania,
Poland and Russia. More information under: www.immofinanz.com.
For additional information contact:
INVESTOR RELATIONS
Stefan Schönauer
Head of Corporate Finance&Investor Relations
IMMOFINANZ AG
M +43 (0)699 1685 7312
investor(at)immofinanz.com
Simone Korbelius
Investor Relations
IMMOFINANZ AG
T +43 (0)5 7111 2291
investor(at)immofinanz.com
MEDIA INQUIRIES
Sandra Bauer
Head of Corporate Communications | Press Spokesperson
T +43 (0)5 7111 2292
M +43 (0)699 1685 7292
communications(at)immofinanz.com
IMMOFINANZ AG
A-1100 Wien, Wienerbergstraße 11
www.immofinanz.com
End of Corporate News
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12.10.2011 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: IMMOFINANZ AG
Wienerbergstraße 11
1100 Wien
Austria
Phone: +43 (0) 5 7111 - 2291
Fax: +43 (0) 5 7111 - 8291
E-mail: investor(at)immofinanz.com
Internet: http://www.immofinanz.com
ISIN: AT0000809058
WKN: 911064
Listed: Freiverkehr in Berlin, München, Stuttgart; Open Market in
Frankfurt; Wien (Amtlicher Handel / Official Market)
End of News DGAP News-Service
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142097 12.10.2011
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Datum: 12.10.2011 - 17:49 Uhr
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News-ID 75437
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