Auchan opens hypermarket in Palas Iasi project

Retailer Auchan will open a store in the Palas development in Iasi in the second quarter of next year. The new hypermarket will cover 5,000 sqm, which is smaller than the size of its hypermarkets opened so far, but it will host the same range of products as the other stores.

The Palas project has been developed by Iulius Group under the lifestyle center concept. Palas Iasi contains commercial spaces, hotel accommodation, class A office space, apartments and an underground parking lot of around 2,500 spaces, all on a 320,000-sqm surface. In 2009, Auchan had a turnover of RON 1.5 billion.