WARSAW-Vienna-based property investor Immofinanz has completed a$335-million refinancing of three major properties in Poland withFrankfurt-based landesbank Helaba. It also opened three newspecialty shopping centers Stop.Shop, as well as the first shoppingand entertainment centre in northwest Romania, Gold Plaza BaiaMare.

The Polish portfolio includes an award-winning mall in Katowiceand two office buildings in Warsaw. “Successful refinancing,especially in economically challenging times, confirms ourstrategy,” says CEO Eduard Zehetner. The 1.2 million square footSilesia City Center with 240 retail outlets, acquired in 2005, isthe largest mall in Upper Silesia, one of the most importanteconomic centers in Poland. The centre is set to expand by 215,000square feet and open in autumn 2011. It is fully let and tenantinterest is substantial, according to Immofinanz.

The 14-story office Brama Zachodnia was completed in 2001 with280,000 square feet. The IO-1 office, which opened in 2007, has270,000 square feet of rentable space and is fully occupied.