Romania Hypermache French company, the operator of Corahypermarket network, has sealed more contracts for store openingsin the past year (November 2009-October 2010) than in its first sixyears of presence domestically, with the French thus being set todouble its number of stores in two years.
Thus, while a year ago Cora had only three operational stores inBucharest (Pantelimon and Lujerului) and Cluj, as well as acontract signed for the store of Sun Plaza mall, the French companyin the meanwhile has tapped into other cities, sealing contractsfor stores in Constanţa, Baia Mare, Arad, Craiova and Bacău.
The company's latest deal is the one in which it has bought a 3.5hectare plot of land in Bacău, where it should start building ahypermarket and a shopping gallery in spring. Cora paid around 9meuros (390m RON/square metre) for this plot, making this one of themost important deals with land carried out domestically thisyear.
Cora representatives did not provide any additional informationabout the investment in this project by edition close. Recently,they have announced plans for the opening of ten new storesdomestically within four years.
Pentru alte știri, analize, articole și informații din business în timp real urmărește Ziarul Financiar pe WhatsApp Channels
