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November 22 (SeeNews) - Austrian real estate investor and developer Immofinanz Group plans to invest 10 million euro ($11.7 million) in the construction of a retail park under its STOP.SHOP brand in Pozarevac, in central Serbia, the city government said.
STOP.SHOP Pozarevac will have a retail space of 7,000 square metres after the completion of its first development phase in April 2018, the Pozarevac city government said in a statement on Tuesday.
Immofinanz plans to hire 300 employees at the complex, it added.
The construction of the retail park was officially launched on Tuesday, the Pozarevac city government said.
Immofinanz opened its first STOP.SHOP retail park in Serbia in Cacak in April 2015. The list of tenants includes retailers such as IDEA, LC Waikiki, Deichmann, C&A, Sport Vision, Takko, Tom Tailor.
STOP.SHOP is Immofinanz Group’s brand for retail parks in Central and Eastern Europe with catchment areas of 30,000 to 150,000 residents. The STOP.SHOP portfolio includes a total of 67 retail parks in Serbia, Hungary, Poland, Slovakia, Austria, Romania, the Czech Republic and Slovenia.
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