South West | Retail, FMCG

Magnit buys a $10m site in Sochi to build a hypermarket

16 Jan '09
Moscow retailer Magnit has announced a purchase of AgroTorg company, which owns a 17-hectare land site in Adler district of Sochi, for $10m.

Under plans, the company is to build a hypermarket on the site.

The project investment and timeframes are yet to be disclosed.
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Locations: Sochi; Krasnodar krai; Adler

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