Romania Hypermarche starts works on Cora Cluj

The Romania Hypermarche company yesterday started construction works on the third Cora store in Romania and the first located outside Bucharest, in Cluj-Napoca; the investment is estimated at 25 million euros. According to a company release, the forthcoming hypermarket will cover a 20,000 square metre surface area, 9,000 of which will be the retail area. The store will have a car park that can accommodate 1,200 cars and 60 cash registers. “The management team of the new hypermarket is mostly made up of Romanian managers, who will acquire solid competence in the field of distribution, due to an adapted and continuous training programme,” the release also reads. The Cora network in Romania currently comprises two stores, both in the Capital city. The first such hypermarket was opened in 2003, in the Pantelimon district, following an investment of 50 million euros, whereas the second one was inaugurated in September last year in the Lujerului area, with works estimated at 40 million euros. The management of Romania Hypermarche last year estimated that the Cora network would end 2005 with revenues worth 170 million euros, in contrast with the 100 million euros grossed in 2004. ZF