Instead of the economic downturn and a poor retail market outlook for 2009, Silesia City Center, the biggest shopping and entertainment center in the region, increased in sales and number of visitors year on year. In 2009, SCC scored a 1 percent sales growth and a 4 percent growth in number of visitors, both in comparison with 2008. The center was visited by 13 245 695 customers in 2009. In regard to this index, December brought the highest number of clients – 1 293 508.
Helaba Landesbank Hessen-Thüringen has agreed to refinance EUR 250 million in a property-backed deal involving Immoeast properties Silesia City Center, a shopping center in Katowice, and two office buildings in Warsaw.
Immoeast AG acquired Silesia City Center, the largest cutting edge shopping center in Upper Silesia in 2005. Katowice is at the center of the booming region of Upper Silesia, and is one of Poland’s leading economic centers.
Immoeast AG is going to expand one of the most successful real estate investments in Poland. The Silesia City Center in Katowice has become the most important shopping centre in the entire region and, since its opening in November 2005, shown an impressive above-average performance. The number of customers this year has risen 3.4 percent year on year, turnover with tenants 5.4 percent. Rental income even rose an above average 9.1 percent.