“By this expansion, Shopping City Sibiu renews its leading position in the local retail industry, becoming the largest retail park in Transilvania, and one of the most important across the country, with a 85,000 sqm retail surface”, said the Regional Asset Manager of Argo Real Estate, Michael Gingrich.

Overall, Argo Real Estate’s investment in Shopping City Sibiu amounts to 110 million euros, and includes Real, Promenada Mall, Baumax, Media Galaxy, Mobilia, Hervis Sport, Takko Fashion, Deichmann and New Yorker retailers.

Carrefour Sibiu hypermarket will cover 8,000 sqm shopping area with approximately 55,000 items, the investment setting up approximately 300 new jobs. Progres Superstore Sibiu will be the 60th store of the network and will cover over 1,300 sqm with an investment of over 900,000 euros.

Translated by Camelia Oancea