Selgros and Pic make room for home improvement chains in Craiova

Two home improvement store chains, Dedeman and Interhome, are
expanding in Craiova on plots held by food retailers Selgros Cash
&Carry and Pic, which have boosted revenues from real estate
deals sealed over the past 18 months by over 3-4 million euros. The
Interhome chain opened a 4,000 square metre store close to Pic
hypermarket in Craiova, on an around 5,000-6,000 square metre plot
owned by brothers Ilie and Cornel Penescu. Interhome’s investment
in the store amounts to 2.5 million euros, with rent generally
accounting for less than half of the sum allocated for such a
project.
The lease was signed this year. Craiova will also accommodate
the next store opening of the Dedeman chain, held by brothers
Adrian and Dragos Paval in Bacau. The store is built on an around
3-hectare plot, located on the outskirts of Craiova, near Selgros
Cash & Carry retailer. “The land was acquired by Dedeman last
year; the price in the area at the time was around 100-150 euros
per square metre,” said a representative of the Malu Mare townhall
in Dolj county, where the home improvement store is currently being
built.