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Metro Cash&Carry to build three stores in Bulgaria

Wednesday, Jun 18, 2008

Metro Cash&Carry Bulgaria unveiled plans to invest 150 million leva within the next three years, company representatives told reporters in Varna.
Willi Beisheim, managing director of Metro Cash&Carry Bulgaria, spread the news at the opening of the first expanded and modernised store of the German retailer in Varna.
With the 6.4 million leva upgrade, this hypermarket became the Metro’s first Bulgarian store to comply with all EU requirements. The modernised store now has a total built-up area of 10 250 sq m, the retail area alone being 8 000 sq m. The most substantial modernisation entailed the construction of six cooling chambers occupying 600 sq m.
Metro Cash&Carry is currently conducting reconstruction of the hypermarket on Tsarigradsko Chaussee in Sofia, which will apply the same standard as in Varna. Typical of the revamped look for the hypermarket is the supply of several groups of new products, Beishein said. He argued that because of the restructuring in compliance with the HACCP standards, the re-organisation is necessary because of changing client needs.
The construction of the first of the planned three new stores has already been underway. Located in Pleven and worth a total of 30 million leva, it will spread on a two hectare plot. The hypermarket will have a total built-up area of 7 000 sq m and 400 parking places.
The company will also turn the first sod of the second new store, in Plovdiv. It will be the size of that in Varna and will cost about 20 million euro. The value of the store in Veliko Turnovo, which opened doors in the end of April, was about that size.
Metro Cash&Carry, owner of several store brands such as Saturn, Galeria Kaufhof and Media Markt, entered the Bulgarian market in 1999 with its store in Sofia. The company is active in 29 countries and runs more than 600 self-service wholesale stores. Currently, the hypermarket has nine operating hypermarkets in Bulgaria.

Source: www.sofiaecho.com