"Starting this year, we are also interested in real estate acquisitions, in order to build Flanco stores from scratch, adapted to our needs and those of the customers who visit us, but also to the sustainability requirements", says Dragoș Sîrbu, CEO of Flanco Retail. "The projects in Botoșani and Brașov are only the first in this series. We continue to look for similar opportunities – either land or existing commercial structures that can be modified or expanded.”
The retailer proposes the construction of stores under a new concept, operationally and energetically optimized. The commercial spaces they are targeting will have an area of 1,500 sq m, which can accommodate storage areas, presentation of a wide range of products and dedicated areas for technology testing.
The constructions will be based on sustainable materials, with the aim of reducing energy consumption and carbon dioxide emissions. The stores will be complemented by parking lots, large green spaces, as well as places specially designed for the collection and recycling of electrical household waste.
"We are targeting similar acquisitions of land or commercial buildings in 20 medium and large cities in the country. We scout the market for real estate projects with potential. In parallel, we are continuing our network expansion strategy throughout the country, aiming to open new stores in shopping centers that are being renovated or in development, in retail parks and in street areas with potential", adds Dragoș Sîrbu.
In 2023, Flanco allocated the largest investment budget in the company's history, worth over RON 30.5 million, 70% of the amount being invested in the store network. The company also has an investment budget this year, which it will allocate according to the opportunities offered by the market and how they fit into the general development and sustainability plans.
Flanco is one of the most dynamic local retailer of IT&C, electronics and home appliances products. With a number of over 1,500 employees, the company owns a network of 157 stores, located in the most important commercial areas in 113 cities of Romania. Also, the retailer's online store, flanco.ro, is in continuous development and offers state-of-the-art technology, the most sought-after brands and innovative payment solutions.
