For instance, BRD, the bank with one of the most extensive branch networks in Bucharest, occupies three times less space.
The aggressive expansion of the retailer, which has been opening a store every five days in the past three years put the group’s stores in every corner of the street and on the ground floor of almost every apartment building.
“There has been significant demand for space from Mega Image in the first part of the year when it rented about 30 spaces. They wanted to open stores in bedroom districts like Drumul Taberei and Pantelimon primarily. They rented both the space previously occupied by other stores and empty space,” said sources close to the Practic, Meteor and Universal SA group of companies, one of the largest owners of retail space in Bucharest.
Mega Image even replaced banks in some cases, they added. The retailer pays about EUR10 million to rent retail space in Bucharest, which makes it a customer major owners find hard to ignore.
(English version by Loredana Fratila-Cristescu)