IKEA to open new store in Iasi

According to sources on the real estate market, the Swedish furniture retailer IKEA, present on the Romanian market since 2007, will open in 2009 a new store within Era Shopping Park in Iasi city, eastern Romania, currently under construction. The store will have a 24,000 square metre area. The IKEA officials did not confirm the information.
The Swedish retailer announced plans for the opening of six stores in Romania on medium term. IKEA registered last year, over 9 months of activity in Romania, sales of 87 million euros, and a 8 percent market share.
Era Shopping Park, a project requiring a 100 million euro investment, will have a 77,000 square metre rentable area.
With three commercial centers, Iulius Mall, Moldova Mall and Felicia Shopping Center, Iasi is among the cities with the greatest development in the sector in Romania.

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