Dedeman will buy 5 ha of land in Pantelimon (Ilfov County) from Rosal Group. The two companies have signed a pre-contract for the sale for a price of RON 25m plus VAT, which comes out to €140/sqm.
Honorius Prigoana holds a 67-percent stake in Rosal Group. Dedeman’s DIY network includes 40 stores in Romania. The retailer opened four units in 2014 in Sibiu, Deva, Bucharest (Colentina) and Targu-Jiu. The company said it wants to have 50 stores on the Romanian market by the end of this year.
