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Hypermarket development project, Russia

13th June 2014

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

  

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Name and Location
Hypermarket development project, Tula, Russia.

Client
OOO HyperglobusSmolnaya, a subsidiary of Russian group Globus Holding.

Project Description
The project entails the construction of a hypermarket in Tula, which is 190 km south of Moscow.

The store will have a standard layout, with 10 500 m2 trading space and 70 to 80 cashier points. The total building area will be about 24 000 m2, which provides space for food preparation and auxiliary facilities, a storage area, a food court and a shopping gallery leased out to small commercial tenants.

The store will also feature an open parking area for more than 1 000 vehicles.

Value
Total project cost is estimated at €60- million.

Duration
Not stated.

Latest Developments
The International Finance Corporation is considering a loan of up to €23-million for the project.

Key Contracts and Suppliers
None stated.

On Budget and on Time?
Not stated.

Contact Details for Project Information
OOO HyperglobusSmolnaya director Malte Wolters, tel +7 495 223 7500, fax +7 495 223 75 02 or
email Malte.Wolters@globus.ru.

Edited by Martin Zhuwakinyu
Creamer Media Magazine Managing Editor

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