Sat, Feb 11 2012

Penny Market 78 000 sq m logistics complex being built outside Sofia

Tue, Apr 14 2009 14:08 CET 3321 Views 3 Comments
Penny Market 78 000 sq m logistics complex being built outside Sofia

The economic crisis has affected Bulgaria in several ways, yet Carrefour has opened its first store in the country just last week. This will be followed by the construction of a new vast logistics centre on the outskirts of Sofia, which started last week as well.

The new spacious facility will be on 78 000 sq m of land, with gross built-up area of 23 000 sq m. The logistics complex, belonging to Penny Market Bulgaria, will be near Stolnik village, Elin Pelin municipality.

Vassil Fechko, the manager of the complex and Stoilnik village mayor Mariana Gesheva turned the first sod on April 12.

"We are exceptionally happy that we have undertaken this step in expanding our chain in Bulgaria. We aim to provide high quality produce at very reasonable prices and we perceive the Bulgarian market as one of great potential for the future," Fechko said, as quoted by Stroitelstvo Gradut.

Mix Construction will be the firm tasked with erecting the vast facility. The complex will be compartmentalised in several different sectors, with large storage hangars, processing units, hydraulic cranes, refrigerator facilities, a business and administrative centre, recycling station, a water supply and water treatment station, solar panel park for energy generation and others.

The cost of the entire facility is likely to exceed 30 million leva and it will create more than 500 permanent jobs in the local community.

Penny Market Bulgaria is part of the REWE concern, based in Cologne, Germany. In Bulgaria, REWE already represents the Billa supermarket chain. Moreover, Penny Market is set to open altogether 10 stores nationwide, with shops under construction in Omurtag, Vratsa, Veliko Turnovo, Nova Zagora, Berkovitsa, Lovech and others.

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

Comments

Anonymous aloooooooooto Fri, Dec 18 2009 18:58 CET

e DIMA kato se 4uka s regionalnia va6ite kakvo pravexa v n zagorai te se vixrexa

Anonymous alooooooooooooooto Mon, Nov 23 2009 16:17 CET

v OMURTAG zam upravitelkata pravi seks s regionalni 6efove kakvi sa tiq raboti v PENNY market PENI(I)

Anonymous Gastarbeiter von Koenl Sat, Oct 10 2009 18:45 CET

Пени е по-малката сестра на Била. И двете к.рви са собственост на концерна РЕВЕ ( най-неуспешен бизнес - дискаунт храни). Експлоаторска немска фирма. В магазините най-високата заплата ще бъде 400 лева бруто за работа по 12 часа. Бягайте далече от такива фирми. На всичкото отгоре фирмата се управлява от хищни български и чешки гаулайтери водени от чешко жуже.


To post comments, please, Login or Register.


Please read the The Sofia Echo forum comments policy.

Discounter chains Penny Market, Plus open stores in Bulgaria

Both retailers target at least 50 outlets in Bulgaria by the end of 2010.

Penny Market to open 20 stores in Bulgaria by end-2009

The total investment in Bulgaria is worth about 250 million euro.

Landmark Logistics builds a new office and logistics centre on Tsarigradsko Chaussee

The facility has been rented out by pharmaceutical retail company Higia EAD. Construction has started in February 2009 and is expected to end by the end of the year.

Warehouse and logistics complex in Sevlievo nears completion

Four million euro logistical, administrative and storage centre on the Sofia - Varna motorway near Sevlievo is nearly complete

Schenker invests 20 million leva in logistics terminal in Bozhourishte

New logistics centre will create 150 jobs and have an annual processing freight capacity of 200 000 tons.

Penny Market unveils plans to build hypermarket in Shoumen

German discount store chain Penny Market announced plans to build a five-million-euro hypermarket in the town of Shoumen, company representative Miroslav Boulva told municipal councillors, as quoted by Dnevnik daily. The company plans to buy 4000 sq m in the area of the former commercial-industrial zone in Shoumen, of which 1000 sq m will be used for the building itself and the remainder for the construction of 250 parking places.

More in this category

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.

Bulgarian property market: Home finance easier, media report says

Nearly all banks are ready to finance between 80 per cent and 90 per cent of the price of a home, provided it is a good building in a large city, Bulgarian daily says.

Bulgarian property prices ‘have hit bottom’ brokers say – report

Property prices in Bulgaria were five to 10 per cent lower in 2011 than in 2010, while initial estimates for this year are that they will remain largely unchanged, with transactions remaining at ‘crisis levels’.

Budapest, Skopje at top among ‘Europe’s top 20 places to invest in property’

Bulgaria’s capital city Sofia ranks 17th, report says, quoting Global Property Guide.