DGAP-News: IMMOFINANZ AG / Key word(s): Real Estate/Expansion 
IMMOFINANZ adds Italy as a new market to its successful European STOP SHOP retail park portfolio 
2021-07-20 / 08:31 
The issuer is solely responsible for the content of this announcement. 
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IMMOFINANZ adds Italy as a new market to its successful European STOP SHOP retail park portfolio 
  . With market entry in Italy, IMMOFINANZ now operates more than 100 STOP SHOP retail parks in ten European countries 
  . Ten Italian STOP SHOP locations with a total investment volume of roughly EUR 250 million are planned by 2024 
  . The acquisition of a fully occupied retail park with approx. 27,000 sqm of rentable space in the north Italian city 
    of San Fior, Veneto region, has already been completed 
  . IMMOFINANZ's position as the leading retail park operator in Europe will be increased to roughly 140 locations 
    through acquisitions and internal development projects 
IMMOFINANZ is continuing the expansion of its successful STOP SHOP retail park brand by entering a new market in 
Western Europe - Italy. The first acquisition in this country is the fully occupied Parco Fiore in the north Italian 
city of San Fior with roughly 27,000 sqm of rentable space. The seller is the international investment bank Barings, 
which held the property in the European Core Property Fund Italy managed by Kryalos SGR. The sale price totalled 
approximately EUR 35.0 million. 
"The Italian market is a perfect addition and a further, future growth driver for our successful European STOP SHOP 
retail platform. With a population of over 60 million, Italy is one of the largest countries in Europe. An extensive 
market study showed that the available retail structures combined with the purchasing power and consumer behaviour, 
above all in central and northern Italy, create significant potential for establishing modern retail parks under the 
STOP SHOP brand. Our plans call for ten locations with an investment volume of up to EUR 250 million by 2024", 
explained Dietmar Reindl, COO of IMMOFINANZ, on the strategy. 
IMMOFINANZ has focused on this cost-efficient and crisis-resistant asset class with its very good returns for many 
years and identified the inherent potential at an early stage. "The latest crisis again confirms one important point: 
Retail parks with an emphasis on everyday products, excellent transportation connections and a diverse tenant mix are 
the clear winners and very popular with our international tenants and with customers. Italy, where this product has not 
yet been established in the quality segment, offers numerous possibilities", added Reindl. 
Attractive tenant mix and easily accessible location 
This retail park, which will operate as the STOP SHOP San Fior, is located 37 kilometers north of Treviso and 60 
kilometers north of Venice, in the heart of the Veneto region. The catchment area within a radius of 30 minutes by car 
has nearly 100,000 residents. The Veneto region is one of the strongest economic and high-income regions in Italy with 
purchasing power substantially above the average for the country and also for the entire EU. 
The property, with its 1,500 parking spaces, is conveniently located along the SS 13 Pontebbana state road which leads 
from Venice to Udine and Tarvis and then on to Austria. The retail park was completed in two phases during 2017 and 
2019 and has a very attractive tenant mix with international retailers like C&A, Takko, MediaWorld, Decathlon, 
Roadhouse Grill and Burger King plus well-known Italian brands that include Mega (supermarket), Globo and Terranova 
(fashion) and Casa Tua (furniture). The remaining term of the rental agreements (WAULT) totals roughly 7.7 years. 
ESG highlight 
One highlight of this retail park is the photovoltaic equipment that is currently under construction and will feed 
green electricity into the public network. The new portfolio property supports IMMOFINANZ's sustainability demands for 
all locations. IMMOFINANZ launched a project in 2019 to install photovoltaic equipment at STOP SHOP retail parks, 
whereby the most widespread installation is currently taking place in Austria. 
This latest acquisition will increase IMMOFINANZ's STOP SHOP portfolio to 109 locations (incl. development projects) in 
ten countries. The 99 standing investments have roughly 750,000 sqm of rentable space and a carrying amount of 
approximately EUR 1.1 billion. 
Details on the STOP SHOP portfolio 
STOP SHOP is IMMOFINANZ's European retail park brand. STOP SHOPs are likeable and convenient local suppliers with a 
catchment area of roughly 30,000 to 150,000 residents and offer a broad range of products with good value for money. 
With efficient transport connections and extensive parking, these retail parks concentrate on price-conscious "smart 
shoppers" who value easy accessibility. The STOP SHOP portfolio had an occupancy rate of 98.0% as of 31 March 2021 and 
a return of 7.9% based on invoiced rents. 
IMMOFINANZ's STOP SHOP portfolio, including the latest acquisition, includes 99 retail parks (standing investments) in 
ten countries: Slovakia (16 STOP SHOPs), Slovenia (14), Hungary (14), Serbia (14), Austria (13), Czech Republic (12), 
Poland (10), Croatia (4), Italy (1) and Romania (1). 
On IMMOFINANZ 
IMMOFINANZ is a commercial real estate group whose activities are focused on the office and retail segments of eight 
core markets in Europe: Austria, Germany, Poland, Czech Republic, Slovakia, Hungary, Romania and the Adriatic region. 
The core business covers the management and development of properties, whereby the STOP SHOP (retail), VIVO! (retail) 
and myhive (office) brands represent strong focal points that stand for quality and service. The real estate portfolio 
has a value of approx. EUR 5.1 billion and covers roughly 220 properties. IMMOFINANZ is listed on the stock exchanges 
in Vienna (leading ATX index) and Warsaw. Further information under: https://www.immofinanz.com 
For additional information contact: 
Bettina Schragl 
Head of Corporate Communications and Investor Relations 
T +43 (0)1 88 090 2290 
M +43 (0)699 1685 7290 
communications@immofinanz.com 
investor@immofinanz.com 
1100 Vienna, Wienerbergstraße 9, Austria 
www.immofinanz.com 
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2021-07-20 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. 
Archive at www.dgap.de 
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Language:     English 
Company:      IMMOFINANZ AG 
              Wienerbergstraße 9 
              1100 Vienna 
              Austria 
Phone:        +43 (0) 1 88090 - 2290 
Fax:          +43 (0) 1 88090 - 8290 
E-mail:       investor@immofinanz.com 
Internet:     http://www.immofinanz.com 
ISIN:         AT0000A21KS2 
WKN:          A2JN9W 
Listed:       Regulated Unofficial Market in Berlin, Frankfurt, Munich, Stuttgart; Warschau, Vienna Stock Exchange 
              (Official Market) 
EQS News ID:  1220137 
 
End of News   DGAP News Service 
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1220137 2021-07-20


 
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(END) Dow Jones Newswires

July 20, 2021 02:31 ET (06:31 GMT)