IMMOFINANZ expands its portfolio to include growth segment of sustainable and affordable housing

IMMOFINANZ is not only on a growth course throughout Europe with its innovative office and retail solutions but is now expanding its real estate offering to also include affordable and sustainable housing. With Top on STOP, single-story STOP SHOP retail parks will be overbuilt to create low-price, resource-friendly housing and to create up to 12,000 new apartments over the medium term. This latest innovation represents a further contribution by IMMOFINANZ to the fight against climate change, ground sealing, and the explosion in housing costs and opens up new earnings opportunities while, at the same time, optimizing risk.

“Because of the scarcity and increasing cost of inner-city land and the current housing shortage, we have a massive resource with Europe’s largest network of retail parks. With Top on STOP, we now want to make the best use of this opportunity and, as an experienced real estate developer, offer affordable and sustainable housing and support the responsible use of valuable land resources,” Dietmar Reindl, COO of IMMOFINANZ, explained.

IMMOFINANZ‘s STOP SHOP portfolio currently covers roughly 100 locations in ten European countries, and plans call for an increase to 140 properties over the coming years. The potential for this new housing concept is, therefore, substantial.

(WBJ)