Germany's DIY store network Hornbach wants to open the store inthe former location of Prisma shopping complex, located severalkilometres away from Bucharest, by the end of the year, accordingto the information included in the company's half-year financialreport.
This is the retailer's only expansion project domestically in2010 and may represent its biggest investment in a new space,taking into account Hornbach paid 20m euros in 2007 for the plot ofland Prisma was located on. The network's total investments in thelocation can be put at around 40m euros.
The store, whose construction started at the beginning of the year,has already been raised, but the company has not announced yetwhether it managed to attract another retailer in the location, asit had planed ever since it bought the 15-hectare plot.
Hornbach currently owns three stores domestically, two of themlocated in Bucharest. The retailer entered Romania in 2007 andcurrently operates the biggest building materials, décor andgardening stores on the market, with average areas of 24,000 squaremetres.
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