Germanos goes to North of the Capital

Telecommunications retailer Germanos has rented approximately 1,500 square metres in the Avitech class B office building in the northern part of Bucharest, according to the company CB Richard Ellis, which brokered the deal. The two levels of the building rented by Germanos will house the company headquarters. Under the circumstances, total value of the transaction could top one million euros. Relocation of Germanos is due to take place in May 2006. The Greek group Germanos entered the Romanian market in 1996, currently owning a distribution network made up of 101 stores in the field of telecommunications. In 2005, the Germanos Group reported business worth 98 million euros. Data included results of the Greek Group”s divisions in Romania, Sunlight Industrial and the Germanos chain of stores. ZF