Winmarkt has EUR 40 million for Romania

Newsroom 11/09/2007 | 15:25

. The finalization of projects it is carrying out in Pitesti, Arad, Turda, Busteni, Sinaia and Ramnicu-Sarat will be reflected in the 2008 turnover when the company will double the current figure to $40 million, said Sergiu Stapler, the firm's president. “Winmarkt's turnover last year was $19 million. For 2007 we estimate about $25 million in turnover and for 2008, $40 million,” said Stapler.
Winmarkt's shopping center network, currently comprising 18 outlets built in 15 locations, will continue its expansion process this year when another six outlets are due to be opened countrywide. The target is 30.
The firm's strategy for the following years is to invest in cities with over 50,000 inhabitants, the modernization of existing commercial centers, as well as building new centers. “We target small cities, as well as big ones, such as Brasov, Constanta or Timisoara,” said Stapler. “For this year, works on the outlets of Pitesti, in the Trivale pedestrian area, and on the one in Arad are scheduled to begin with investments in the two projects amounting to some EUR 30 million. Beside these two projects, works on the outlets of Turda, Busteni, Sinaia and Ramnicu-Sarat will also start, requiring overall investments worth around EUR 10 million,” he added.
Winmarkt is controlled by New Century Holding investment fund.

Andreea Marinas

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