Retail in Brasov absorbs another 8m euros

The Temvar Center company will develop a mall-type commercial centre in Brasov, in an 8 million-euro investment. “This will be a mall-type project in which we will invest some 8 million euros and where we believe we will create some 200 jobs,” says Dutu Gheorghe, the chairman and main shareholder of Temvar Center, the developer of the project. The works on the MacroMall shopping complex will begin this month at the entrance to the Racadau neighbourhood and will be completed next July. Temvar”s chairman says that the expansion plans will not stop here. “After we finish the construction of the MacroMall we intend to develop a network of stores in smaller towns and even in some communes in Brasov county, where there is potential for such business,” says Gheorghe. “The people in rural areas are no longer producing everything they need in their households and many of the inhabitants of the communes around Brasov are working or worked in the city and have retired on rather good packages,” he added. Gheorghe added that another advantage of opening stores in localities with fewer people is that once there, it is difficult for another retail competitor to make an entry into that market segment in the area. ZF