Hypermarkets expand to Eastern Bucharest

Hypermarket networks Carrefour and Real are both targeting the building of new stores in Eastern Bucharest, on Theodor Pallady Boulevard, according to officials from the Capital’s Town Hall. The commercial, real estate projects and the hotels, expected to be completed, on Theodor Pallady Boulevard, at the exit to Constanta, in a year and a half, total 113 million euros, stated Stefan Dumitrascu, chief architect at the 3rd sector’s mayor office. According to Dumitrascu, among the most important investments are those in the Carrefour and Real hypermarkets, a Mega Image supermarket and in two eight-storey blocks of flats. The Real hypermarket will be situated on a seven-hectare plot that used to belong to the Policolor company, while the planned Carrefour will be located on an over five-hectare plot formerly owned by Sicomed, according to sources from the retail market, quoted by Mediafax. French retailer Carrefour already operates four stores in Bucharest, and by the middle of the year will reopen the smaller hypermarket taken over from Univers’All, in the city centre.