DGAP-News: IMMOFINANZ Group starts prestigious retail development project in Poland
(firmenpresse) - DGAP-News: IMMOFINANZ AG / Key word(s): Real Estate
IMMOFINANZ Group starts prestigious retail development project in
Poland
02.10.2012 / 13:06
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Corporate News | Press Release
Vienna/Lublin, 2 October 2012
IMMOFINANZ Group starts prestigious retail development project in Poland
Today, IMMOFINANZ Group presented its next retail development project in
Poland: A state-of-the-art high-quality shopping center will be created in
the middle of the Lublin City Center, close to the historic castle. Tarasy
Zamkowe - previously known as Galeria Zamek - will become an exciting
shopping, entertainment, recreation and leisure facility as well as an
integral part of the existing inner city attractions. And the signs are
promising: The interest of local, national and international retailers for
sales areas is exceptionally high. The leasable area will amount to 37,000
sqm, offering space for about 150 shops. Construction works will start in
October, and the opening is scheduled for autumn 2014. The total investment
for this project will amount to approximately EUR 115 million (PLN 480
million).
'Lublin is a promising retail market with 350,000 residents and a total
catchment area of 800,000. This fact - together with the strong economic
power of the city of Lublin and the low retail density - influenced our
decision to buy the former Galeria Zamek site last year. In order to create
a shopping mall that fits perfectly into the townscape and offers a unique
shopping and entertainment experience, we revised the original design to
include the latest retail development trends', commented Eduard Zehetner,
Chief Executive Officer of IMMOFINANZ Group - one of the leading real
estate investors and developers in Europe. 'We are very pleased that our
efforts to build a state-of-the-art retail property were rewarded by the
local authorities and that we will be able to start construction works
within the next few weeks. Following the successful extension of the
Silesia City Center and the recent start of our first residential
development project, D?bowe Tarasy, both in Katowice, Tarasy Zamkowe
represents another important development in Poland - a promising market
where we plan to further intensify our activities.'
From Galeria Zamek to Tarasy Zamkowe
Since the name Galeria Zamek has been on the market for quite a long time,
IMMOFINANZ Group conducted a survey in Lublin to evaluate whether the brand
still matches the revised concept for the shopping and entertainment
center. Tarasy Zamkowe was chosen from several recommendations. This name
evokes positive associations among the residents of Lublin and is perceived
as a modern, trendy, fashionable, green and inspiring place.
An exceptional shopping center, tailor-made for residents' requirements
The remarkable design of Tarasy Zamkowe combines unique architecture with
high ecological standards. The distinctive features are greeneries located
on the top of the building: lawns, pathways and viewpoints among which the
most impressive one will overlook the panorama of the Castle and the Old
Town. Public squares at the corners of the shopping center will invite
visitors to linger and also create room for events.
Tarasy Zamkowe is projected to accommodate about 150 retail units, 3
restaurants as well as numerous cafes and food court units. The floor area
totals 104,000 sqm: 37,000 sqm dedicated to leasable area, 23,000 sqm to
public space and plant room and 44,000 sqm to underground parking. Three
levels will provide 1,000 convenient parking spaces. Located between Aleje
Unii Lubelskiej and Tysi?clecia, the new shopping center will also be
easily accessible by public transport, bicycle or foot.
IMMOFINANZ Group is already in intensive negotiations with international,
national and local retailers. The demand for quality retail space in Tarasy
Zamkowe is very high. Thus, Tarasy Zamkowe will offer a well-balanced
tenant mix including many well-known brands - some of which are currently
not available in the Lublin region.
Tarasy Zamkowe: local experts confirm the unique combination of
environmentally friendly creativity and high-tech building engineering
Tarasy Zamkowe will be a high-tech shopping centre, shaped as a triangle
with a square on each corner. The idea of the project reflects modern rules
of environmentally friendly creativity. It is the synthesis of an
ecological approach to the landscape and high tech building engineering.
'The current global crisis in ecology and power makes two tasks stand out
in the work of architects: to strengthen cultural and environmental
identity and to optimise energy consumption in buildings. These two
objectives represent the foundation for the investor's designs of Tarasy
Zamkowe', commented Boles?aw Stelmach, architect of the shopping and
recreational center. 'Sustainable design will allow for a symbiosis of
cultural and natural heritage in line with energy efficiency.'
Prof. Zbigniew Myczkowski, member of the Committee of Architecture and
Urbanisation in Kraków, confirmed the positive value for the local
community: 'The solutions chosen for the project are hypermodern and create
an unquestionable aesthetic value - they form a harmonious connection
between the building's structure and the natural landscape. The fifth
elevation - the composition of the roof with natural elements that are in
harmony with the building construction - horizontally, diagonally and in
inclined plane - is the organic shape of the building. It is a masterpiece
of architecture, landscape architecture and gardening art.'
Aiming for BREEAM certification
'We are pleased to receive positive feedback on the sustainability of
Tarasy Zamkowe, as we - IMMOFINANZ Group - believe in our responsibility
for environmental protection. We place high value on resource-conserving
construction methods and energy efficiency. This approach formed the basis
for the final design of our retail development project in Lublin',
explained Ralph Bezjak, Director Commercial Development of IMMOFINANZ
Group. 'We have made enormous efforts to prepare Tarasy Zamkowe for a
BREEAM certification - an internationally recognised environmental
assessment method and rating system for buildings - and are confident that
we will meet all necessary requirements.'
Building on local cooperation and expertise
As Tarasy Zamkowe is a future part of the inner city shopping attractions,
IMMOFINANZ Group is interested in supporting the local economy and
establishing a long-term relationship with local partners. 'Interesting
opportunities for local companies will arise. In fact we have already
started cooperations with local contractors that have become very
professional and successful. Our goal is to work with partners from the
Lublin region and to engage local expertise wherever possible. In addition,
about 2,000 men and women will find new jobs once the center is opened',
explained Ralph Bezjak, Director Commercial Development of IMMOFINANZ
Group. 'We consider our investment as an addition to the existing retail
offering and are convinced that Tarasy Zamkowe will strengthen the inner
city retail sector, resulting in a win-win situation for both parties,
local retailers and traders and IMMOFINANZ Group.'
To demonstrate the company's commitment to the project and to the City of
Lublin IMMOFINANZ Group decided to invest an additional approximately EUR
12 million (PLN50 million) to support the further development of this
beautiful, up-and-coming city. These funds will support the realisation of
a customised traffic concept to ensure the problem-free coexistence of
motor vehicle, bicycle and pedestrian traffic and further infrastructural
measures, amongst others.
'Our aim is to revitalize the area surrounding the Castle and the Old Town.
The investment of IMMOFINANZ Group lives up to those expectations',
commented Krzysztof?uk, Mayor of Lublin.
'IMMOFINANZ Group will strive to ensure the smooth construction of Tarasy
Zamkowe so the residents of Lublin will soon be able to enjoy this new
shopping, entertainment and recreational area. - Please let me take this
opportunity and once again thank the City of Lublin and Mayor Krzysztof?uk for their confidence in our expertise and the fruitful collaboration
that we look forward to continuing', Eduard Zehetner.
High resolution visualizations and the entire press-kit are available
under:
http://www.immofinanz.com/en/press/press-releases/
On IMMOFINANZ Group
IMMOFINANZ Group is one of the leading 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 1,820 investment properties
with a carrying amount of approx. EUR 10.38 billion. The core business of
IMMOFINANZ Group covers the acquisition and management of investment
properties, the realisation of development projects and the sale of
objects. IMMOFINANZ Group concentrates its activities in the retail,
office, logistics and residential segments of eight regional core markets:
Austria, Germany, Czech Republic, Slovakia, Hungary, Romania, Poland and
Russia. Further information under: www.immofinanz.com
Contact:
For additional information contact:
INVESTOR RELATIONS
Stefan Schönauer
Head of Corporate Finance&Investor Relations
IMMOFINANZ AG
M +43 (0)1 88090 7312
investor(at)immofinanz.com
Simone Korbelius
Investor Relations
IMMOFINANZ AG
T +43 (0)1 88090 2291
investor(at)immofinanz.com
MEDIA INQUIRIES
Sandra Bauer
Head of Corporate Communications | Press Spokesperson
IMMOFINANZ AG
T +43 (0)1 88090 2292
M +43 (0)699 1685 7292
communications(at)immofinanz.com
A-1100 Wien, Wienerbergstraße 11
www.immofinanz.com
End of Corporate News
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02.10.2012 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) 1 88090 - 2291
Fax: +43 (0) 1 88090 - 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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