Tue, May 22 2012

IKEA hypermarket one step closer to realisation

Fri, Jul 18 2008 16:21 CET

byElitsa Savova, propertywisebulgaria.com

762 Views

The opening of the first hypermarket of Swedish home furnishings chain IKEA in Bulgaria is one step closer to happening, as Fourlis, the company to develop the chain on the Balkans, told investor.bg that the hypermarket would be opened in Sofia's Vitosha neighbourhood in the beginning of 2010.

Fourlis announced that it had finalised the purchase of a plot for the first hypermarket of the chain in Bulgaria. The plot was of 60 000 sq m and, as reported in February 2008, worth nearly 12 million euro.

Fourlis has not yet assigned a company to build the hypermarket and refused to comment on whether it would be a Bulgarian or a Greek one. However, if it wants to complete the project on time, it will have to select a company soon, as the construction of the development will take nearly 18 months, Fourlis representatives told investor.bg.

IKEA is planned to have opened two to three hypermarkets in Bulgaria - in Sofia and in Varna and/or Bourgas, investor.bg wrote.

  • Print
  • Send via email
  • Translate to
  • Share:

To post comments, please, Login or Register.


Please read the The Sofia Echo forum comments policy.

IKEA starts recruiting staff for first Bulgarian store

The company is looking mainly for middle managers, including cash line team leaders, warehouse and maintenance team managers, according to IKEA's online advertisements.

IKEA eyes second Bulgarian store in Varna

The chain, which is the world’s largest home furnishing retailer spanning 37 countries, plans to build its second Bulgarian store in the coastal city of Varna, said Greek company Fourlis SA, which holds the franchise licence in Greece, Cyprus and Bulgaria.

Ikea plans to open store in Bulgaria by 2013

The company even considered opening a second store in the country, report says.

More in this category

Bulgaria's real estate market stabilising - realtors

Worst is over for Bulgaria's property market after three years of decline, reports by Yavlena and Bulgarian Properties real estate firms claim.

Bulgaria plans bill to weed out rogue real estate agents

Draft law envisages professional association for real estate agents and a public register of real estate companies to bring order to the business and get rid of rogues and rip-off artists.

Landmark Centre Varna to be offered for sale on March 21

Landmark Centre Varna’s financial reports show its largest debt is an investment loan of 6.9 million euro issued by Eurobank EFG Bulgaria in mid-2008 and secured with a mortgage.

Raiffeisen Real Estate: Prices of Sofia homes returned to 2007 levels

Average market prices of homes in Sofia fell by one per cent in the fourth quarter of 2011 compared to the same period of 2010, according to the Raiffeisen Real Estate Index, as quoted by Klasa daily.

Most property sales in Bulgaria were people wanting to escape their investment – report

Proportionately, the number of transactions in leva increased as people reacted to speculation that the euro would disappear.

© 2000-2012, Sofia Echo Media Ltd.

Web Design by RIZN

Sofia Echo Media is part of the Economedia Group.
The news and information content on this website is provided by our editorial team and is copyrighted. Any unauthorised reproduction or use of it is strictly forbidden. Reproduction of this website's content is permitted only with prior written permission from the Editor-in-Chief, should be propertly acredited and provide an active link back to our site. Comments posted by the website's visitors are independent of the editorial materials and do not represent the views of sofiaecho.com. Sofia Echo Media cannot be held responsible for the statements contained in visitor comments. The percentаge change in the shares' prices are based on the price of the last transaction of the current session compared to the price of the last transaction of the previous session. Bulgarian Stock Exchange data is not real-time, but updated every 15 minutes, and should not be used as a basis for decisions about buying or selling stock options.