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IMMOFINANZ Group opens first VIVO! Shopping Center in Piła

In the Polish city of Piła, IMMOFINANZ Group has completed the first shopping center in its new VIVO! retail brand.

In the Polish city of Piła, IMMOFINANZ Group has completed the first shopping center in its new VIVO! retail brand.

This first VIVO! shopping center currently has an occupancy rate of 91%. The investment for IMMOFINANZ Group amounted to roughly EUR 32.0 million (approx. PLN 134.7 million). IMMOFINANZ Group took over this retail property from the Polish developer Rank Progress and finalised the sale at the end of August. As the new owner IMMOFINANZ also changed the name of the shopping center: the former “Galeria Piła" was transformed into “VIVO! Piła". The second VIVO! shopping center is under construction in Stalowa Wola – a city in the south-west of Poland – and is scheduled to open during the third quarter of 2015.

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