Pepsi Americas has agreed to sell an 11,000-sqm land plot in south Bucharest to discount retailer Lidl, which will build a store there, according to an announcement published recently in the Official Gazette. The sale price will be EUR 285 for sqm, which puts the total land price at EUR 3.1 million.
The site previously hosted Pepsi America’s warehouses. They were moved to its new production facility in Dragomiresti Vale, which opened in September last year. Lidl has been active in Romania for several years, during which time it has acquired various plots of land, but has yet to open its first store in the country. The retailer is also working on a warehouse and offices in Chiajna, which should be completed this year, according to previous information. Lidl is part of the Lidl & Schwartz Group, which operates discount hypermarket chain Kaufland in Romania.