Stop Shop portfolio reaches 100% occupancy in Hungary

Retail

Immofinanz, one of the largest real estate investors in the region, has just leased the last free unit in its Hungarian Stop Shop portfolio, reaching 100% occupancy rate, according to a press release sent to the Budapest Business Journal.

The newest and last tenant is Sportisimo in Stop Shop Keszthely. Immofinanz now has roughly 136,000 sqm of fully leased retail space in 14 locations across Hungary.

The company has opened 14 Stop Shop retail parks since 2002 in Hungary.

“This is a significant milestone in Hungary, and I’m very proud that our team reached this with our Stop Shop brand. This proves that the concept works fine and our focus on low rental and operating costs, and the combination of easily accessible locations of local supplies and enjoyable shopping experience and lifestyle make the local Stop Shop parks very popular amongst customers and tenants as well”, said Ottó Vörös, country manager finance & support, Immofinanz Hungary.

The biggest tenants in the Hungarian Stop Shop parks include popular brands such as Spar, Kik, Takko, CCC, Deichmann, Müller, Dm, and Media Markt. As the interest in electric cars or plug-in hybrid vehicles is growing significantly in Hungary, Immofinanz recently installed and delivered more than 100 electric charging points across the entire Stop Shop network in Hungary, expanding further its local service portfolio.

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