Auchan Romania invests 60 million in Brasov retail project
Auchan’s real estate arm Immochan will carry on work on the project, which is set to finalize in 2013. The 60 million Euro investment does not include the price of land, which will be 100 hectares.
Auchan will first work on a 24 hectares plot, where it will build an Auchan store on 16,000 sqm, a shopping mall on some 25,000 sqm, and a 300 space car park.
The protect was originally launched in 201, due to finalise in 2011, but constriction never got off the ground.
Immochan, the real estate arm of retailer Auchan, will develop two projects in Bucharest by 2013, after recently opening an official subsidiary in Romania. The first Auchan City hypermarket, on some 5,000 sqm, will open in the Giulesti area of Bucharest, along with a 2,000 sqm commercial gallery. A second project is planned for the Ghencea neighbourhood, a shopping gallery with 100 stores and a 11,200 sqm Auchan hypermarket on the premises of the former Tricodava factory. The two projects will add to the two existing Auchan stores in Bucharest.
Source: www.romania-insider.com
