Immofinanz‘s 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 retail park, which was completed in two phases during 2017 and 2019, had a sale price of approximately EUR 35.0 million.
Stop Shop San Fior is located 37 kilometers north of Treviso and 60 kilometers north of Venice, in the heart of the Veneto region.
Tenant mix include international retailers like C&A, Takko, MediaWorld, Decathlon, Roadhouse Grill and Burger King plus well-known Italian brands.
The remaining term of the rental agreements (WAULT) totals roughly 7,7 years.
Immofinanz‘s Stop Shop portfolio includes 99 retail parks in ten countries: Slovakia (16), Slovenia (14), Hungary (14), Serbia (14), Austria (13), Czech Republic (12), Poland (10), Croatia (4), Italy (1) and Romania (1).