Construction, Estonia, Investments, Retail
International Internet Magazine. Baltic States news & analytics
Saturday, 27.04.2024, 02:38
Bauhaus to invest EUR 20 mln in new DIY store in Tallinn
Print version |
|---|
The total investment
of Bauhaus in the new store is to be more than 20 mln euros, Bauhaus said in a
press release. The building is to be built by the listed Estonian construction
group Merko Ehitus which announced in
March that construction of the building is to cost 7.6 mln euros, not including
VAT.
The Rocca Al Mare DIY store is to have a
drive-in area, a parking lot, utility works and access roads. The store will
have a sales area of more than 14,000 square meters and it will employ more
than 130 retail staff. The store is to be built on a plot with a total area of
4.7 hectares.
Established
in 1960, Bauhaus is a German chain of supermarkets offering products for home
improvement, gardening and workshop that has more than 270 outlets operating
under its brand in 19 countries across Europe. Bauhaus opened its first store
in Estonia and the Baltic countries in 2010 in Tallinn.
«The Baltic Course» Is Sold and Stays in Business!
