Flanco announces its first greenfield investments, aims to build new stores in Botosani and Brasov

Flanco announced the acquisition of its first two real estate projects for new greenfield stores. They are in commercial areas of Botosani and Brasov and were purchased in the last six months, each with an area of 5,000 square meters.

“Starting this year, we are also interested in real estate acquisitions, in order to build Flanco stores from scratch, adapted to our needs and those of the customers who visit us, but also to the sustainability requirements”, says Dragoș Sîrbu, CEO of Flanco Retail. “The projects in Botoșani and Brașov are only the first in this series. We continue to look for similar opportunities – either land or existing commercial structures that can be modified or expanded.”

The retailer aims for the construction of stores under a new concept, operationally and energetically optimized. The commercial spaces they are targeting will have an area of 1,500 square meters, which can accommodate storage areas, presentation of a wide range of products and dedicated areas for testing technology.

The constructions will be based on sustainable materials, with the aim of reducing energy consumption and carbon dioxide emissions. The stores will be complemented by parking lots, large green spaces, as well as places specially designed for the collection and recycling of electrical household waste.

“We are targeting similar acquisitions of land or commercial buildings in 20 medium and large cities in the country. We scout the market for real estate projects with potential. In parallel, we are continuing our network expansion strategy throughout the country, aiming to open new stores in shopping centers that are being renovated or in development, in retail parks and in street areas with potential”, adds Dragoș Sîrbu.

In 2023, Flanco allocated the largest investment budget in the company’s history, worth over 30.5 million lei, 70 percent of the amount being invested in the store network.