Although the company has not disclosed the entire sum to be invested in the stores, the average investment in a Real store is between EUR 12 and 20 million, Pita added. The news came after media reports stated the company would open only two stores in the city.
The German retailer entered the local market in 2005 opening its first store in Timisoara. It currently has eight stores in Romania. By the end of 2007, the chain is planning to reach a 15-store network country wide, according to previous statements. Real,- stores cover between 6,000 and 8,000 sqm, with an adjoining commercial galleria covering between 5,000 and 15,000 sqm.
Real Hypermarket division is part of the German Metro Group, and operates 64 stores outside its mother market, Germany.