BUCHAREST (Romania), July 20 (SeeNews) – Romanian development supplies retailer MAMBricolaj [BSE:MAM] stated that it has signed a 1.26 million euro ($1.48 million) lease deal for a industrial area in Brasov, the place it plans to open a brand new retailer.
The lease deal signed with native firm Brintex shall be in drive till October 31, 2031, MAMBricolaj stated in an announcement filed with the Bucharest Inventory Trade on Monday.
The corporate plans to open a brand new retailer within the 1,500 sq m area situated within the Bartolomeu industrial space of the town of Brasov.
Based in 2011, MAM Bricolaj operates three shops in Bucharest and a web based retailer.
In Might, the corporate introduced that it targets a 70% annual enhance in turnover this 12 months, to 70.6 million lei ($17.5 million/ 14.3 million euro). MAMBricolaj is basing its optimistic monetary projections on growth plans for 2021, it stated on the time. Moreover Brasov, MAMBricolaj plans to open new shops in Bucharest, and Iasi, it added.
MAM Bricolaj shares traded 2.39% greater 59.9 lei as at 0921 CET on Tuesday on the AeRO market of the Bucharest Inventory Trade.
(1 euro = 4.9262 lei)