Gorod Masterov DIY centre launched in Syktyvkar

Regional Profile Syktyvkar is the centre for Komi Republic located in the northern part of Central Russia. The population of Syktyvkar amounts to approximately 230 thousand people. Retail turnover of Syktyvkar is planned at the level of RUR 7 bln ($250 mln) for 2005.

first ever DIY hypermarket in Komi republic was opened in Syktyvkar on December 16 2004 under Gorod Masterov brand. The total investment into the project amounted to $7 mln. The centre with the entire sales area exceeding 12, 600 square meters is going to offer more than 50, 000 household goods. The centre was built at the site of 3.5 hectares that also includes the parking area suited for 350 vehicles. DIY hypermarket Gorod Masterov covering 7,000 square meters of sales area and the shopping gallery of 4,500 square meters are located in the two-storied building.

According to the hypermarket managers, the launched centre appears to be just the first stage of multipurpose shopping complex. In the future the managing company is going to attract furniture, consumer electronics and food retailers to open stores at Gorod Masterov centre. Moscow consultant group RAO Consulting estimates that the new shopping centre will account for 30 or even 50 per cent of the city retail turnover.

Regional Profile Syktyvkar is the centre for Komi Republic located in the northern part of Central Russia. The population of Syktyvkar amounts to approximately 230 thousand people. Retail turnover of Syktyvkar is planned at the level of RUR 7 bln ($250 mln) for 2005.

first ever DIY hypermarket in Komi republic was opened in Syktyvkar on December 16 2004 under Gorod Masterov brand. The total investment into the project amounted to $7 mln. The centre with the entire sales area exceeding 12, 600 square meters is going to offer more than 50, 000 household goods. The centre was built at the site of 3.5 hectares that also includes the parking area suited for 350 vehicles. DIY hypermarket Gorod Masterov covering 7,000 square meters of sales area and the shopping gallery of 4,500 square meters are located in the two-storied building.

According to the hypermarket managers, the launched centre appears to be just the first stage of multipurpose shopping complex. In the future the managing company is going to attract furniture, consumer electronics and food retailers to open stores at Gorod Masterov centre. Moscow consultant group RAO Consulting estimates that the new shopping centre will account for 30 or even 50 per cent of the city retail turnover.