Kaufland and Cometex to start construction of a retail park

German retailer Kaufland and real estate developer Cometex, want to start construction of a retail park this year, on the site of a former livestock farm in Pantelimon, right next to the Selgros store.

Kaufland bought land with a cumulative area of about 4 hectares on Bulevardul Biruinței 84. Last year, the German retailer sold a piece of over 1.5 hectares of this property to Dan Ostahie’s company, Cometex, which planned to build a shopping mall under the Aurora brand on this site. The new mall will have a rentable area of about 5,700 sqm and has an estimated development cost of EUR 3.6 million.

Kaufland, in turn, plans to build a new Kaufland store on a land area of about 2 hectares. The targeted hypermarket will be structured on the ground floor and a partial floor and will have a built area of approximately 5,700 square meters. The estimated cost of the investment in this project is EUR 2.4 million.

Source: Profit.ro