Leroy Merlin DIY hypermarket opened. What’s next?

 

On 24 November 2017 a new Leroy Merlin home improvement hypermarket opened in Kaliningrad. Property with total area 17 000 sqm is located at the intersection of Primorsk Ring Road and Kaliningrad Ring Road, and has excellent transport availability.

Traffic jam that occurred at the entry to the parking lot, on the opening day was coursed by excessive interest in the new store, and in our opinion is a temporary issue, as Sunday 26.11.2017 evening showed.

Our company LLC “Baltiyskiy Moll” provided the new hypermarket with all utilities and supported its construction. In his opening address, “Gamma Invest Group” CEO Vladimir Zarin drew attention to the fenced plot of land nearby, and explained, that the next phase of the retail park development would by construction of multifunctional center "Mall of Baltia", with total area more than 50 thousand sqm.

Design work and construction preparation are under way. Construction work is planned to start in spring 2018, and finish in 2019. Multifunctional center "Mall of Baltia" will be the second phase of this territory development. Investor’s strategy assumes later stages of project implementation in 2019 – 2022.

 

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