Auchan Italy has planned a €200 million revamp, beginning in Sardinia, where it will invest €50 million in four stores over a period of approximately three years, Il Sole 24 Ore has reported.
Gallerie Commerciali Italia, a subsidiary of Immochan, will complete the construction work. The four shopping centres are spread across Cagliari (Santa Gilla and Marconi), Sassari (Predda Niedda) and Olbia.
The most significant work is to take place in the Marconi Cagliari outlet, where the shopping centre will undergo significant rebuilding to make its Auchan hypermarket more accessible to passing shoppers. This alone will need €40 million of capital, and may increase the retailer’s floor space in the property by 8,000 square metres.
The remaining €10 million will be spent on the other three sites.
© 2016 European Supermarket Magazine – your source for the latest retail news. Article by Peter Donnelly. To subscribe to ESM: The European Supermarket Magazine, click here.
