Immofinanz launches VIVO! mall in Krosno

Developer Immofinanz Group has launched construction of a shopping center in Krosno, south-eastern Poland, under the VIVO! brand. The construction should be completed in Q1 2017. The project is valued at €37 million. The new mall will feature 22,000 sqm of GLA within 70 units. It will be located in the southern part of the city, near the recently delivered ring road. The scheme will be carried out in cooperation with Acteeum Group. “We are planning on continuing our expansion in the retail segment of the Polish real estate market. In 2014 alone, we delivered 33,000 sqm of retail space to the Polish market, which is a key geographical location for us,” said Eurard Zehetner, CEO of Immofinanz Group. Krosno will be the third city in Poland with a VIVO! shopping center, after one was opened in Piła, western Poland, in October 2014 and another one is under construction in Stalowa Wola, south-eastern Polnad. “Further locations are being researched to ensure continued, dynamic development of the chain of VIVO! malls,” Zehetner added.