Metro Cash & Carry will open a shopping centre with the total area 10,000 sq.m in Magnitogorsk at the end of 2011. It will be the third cash-and-carry centre in the Chelyabinsk Region. The company has also reported that it is planning to open a shopping centre with the total value about EUR 20m in Smolensk. The total area will be 9.800 sq.m, the shopping area – 5.800 sq.m.
Metro Cash & Carry — is one of the world’s largest small-scale wholesale operators. The company operates more than 655 stores in 31 countries under the brand names Metro and Makro. It is present in Russia since 2000 with 58 shopping centers in 39 regions. 2010 the company’s sales grew by 13% y-o-y and reached RUR 2.93bn.
Source: www.foodretail.ru