Moscow: "Country of Hercules" is sold. Buyer - X5 Retail Group
X5 Retail Group bought the Country of Herculesia retail chain. The purchase cost X5 $ 65 million.
The network of stores "Country of Hercules" operates in Moscow, Moscow and Tver regions. It includes 29 stores of the “discounter” format: 5 in Moscow, 16 - in the near Moscow suburbs, 8 - in the far suburbs and Tver region. Now only 26 of them are working, and the remaining 3 will be open until March 2008.
The company occupies a total area of 27.1 thousand square meters. m., which includes retail space, and office buildings, and objects under construction. Approximately 11 thousand square meters. m decorated in the property, the rest are used on loan, the average term of which is 5 years.
Directly trading premises occupy 12.9 thousand square meters. m, of which 1,2 thousand square meters. m belong to three shops under construction.