RUSSIA: Auchan to build retail park in Russia | Progresiv

Auchan has announced plans to develop a Retail Park in Russia, to be opened by 2017. Auchan has invested 1.1 billion roubles in the acquisition of 12 hectares of land in South Domodedovo district, Moscow. Total investment for the Retail Park are estimated between 2.5 billion roubles to 3 billion roubles.

The park will be over a 40,000 square meters area and will include an “Auchan” hypermarket, “Leroy Merlin”, "Decathlon” and a small shopping mall with parking for 2,000 - 2,500 vehicles.

The French retailer Auchan has operated in the Russian market since 2002 and currently operates 92 stores in the country. (www.kantarretailiq.com)