Retail: offensive in Central and Eastern Europe
The retail activities of IMMOFINANZ were concentrated on the markets of Central, Eastern and South-eastern Europe as well as Russia during the 2006/07 financial year. In the IMMOEAST investment programme, retail properties formed the largest segment.

A number of excellent investments were made in Romania. This largest market in South-eastern Europe is currently characterised by rapid recovery, and offers a wide range of attractive investment opportunities. The demand by international retail chains for modern space is strong, above all in the rapidly developing regional centres outside the capital city of Bucharest.

Activities in this area are concentrated on the acquisition of development projects. Outstanding examples are the Polus Center Cluj (100,000 sqm of letable space), the Polus Center Constanta (90,000 sqm), the Gold Plaza in Baia Mare (43,000 sqm) and a shopping mall in Craiova (34,000 sqm) as well as the Euromall in Pitesti (32,000 sqm), which was completed during the spring of 2007.